Shelbyville, Texas (zip code 75973) is a small city located near the Angelina National Forest in East Texas. The cost of living here is very reasonable, with 2 bedroom rent at an average of $800 per month, which is significantly lower than the US average of $1,430. The grocery cost index of 92 in Shelbyville compares favorably to 100 in the US on average.
The local economy is largely supported by light industry and retail services such as manufacturing plants owned by Beldon Industries, the Everhart's grocery chain, and several smaller businesses including hardware stores and auto repair shops. Many people also find employment in nearby lumberyards and sawmills located around the area. In summary, Shelbyville offers a more affordable cost of living when compared to many other places across the country while still providing ample economic opportunities for all residents.
Shelbyville (zip 75973) has an unemployment rate of 6.9%. The US average is 6.0%.
Shelbyville (zip 75973) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 14.1%, which is lower than the US average of 33.5%.
Tax Rates for Shelbyville (zip 75973)
- The Sales Tax Rate for Shelbyville (zip 75973) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Shelbyville (zip 75973) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shelbyville (zip 75973)
- The average income of a Shelbyville (zip 75973) resident is $27,685 a year. The US average is $37,638 a year.
- The Median household income of a Shelbyville (zip 75973) resident is $47,474 a year. The US average is $69,021 a year.