38774 Shelby, MS is a city that offers its residents plenty of resources to live comfortably. The average two-bedroom rent in the area is $690, which is significantly lower than the US average of $1430. This means that you can enjoy more financial freedom when living here. Additionally, grocery items in Shelby are also generally cheaper than they would be elsewhere in the country; the Grocery Cost Index of Shelby is 92 compared to 100 for the entire United States.
Shelby is home to several well-known companies like Corning Incorporated and West Drug Company. These businesses provide excellent employment opportunities and contribute greatly to the local economy. Furthermore, there are many small businesses located downtown that offer unique shopping experiences and dining options for visitors and locals alike.
Shelby (zip 38774) has an unemployment rate of 7.7%. The US average is 6.0%.
Shelby (zip 38774) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Shelby (zip 38774)
- The Sales Tax Rate for Shelby (zip 38774) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shelby (zip 38774) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shelby (zip 38774)
- The average income of a Shelby (zip 38774) resident is $11,075 a year. The US average is $28,555 a year.
- The Median household income of a Shelby (zip 38774) resident is $26,381 a year. The US average is $69,021 a year.