The small town of Shell Lake, WI 54871 is located in the northwest part of the state and is home to just under 1,000 residents. The average cost for a two bedroom rental in Shell Lake is $850 per month, which is significantly lower than the national average of $1,430. Grocery costs within Shell Lake are also somewhat lower than the national index at 97 versus 100 in the US.
Shell Lake has a handful of local businesses that provide an array of services to the community. These include Ace Hardware, Northland Market & Deli, Zumbrota Motorsports Inc., Don’s Appliance Center and Reeds Spring Lumber Company, among others. These companies provide essential goods and services to locals and help maintain a thriving economy within Shell Lake.
Shell Lake (zip 54871) has an unemployment rate of 6.6%. The US average is 6.0%.
Shell Lake (zip 54871) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Shell Lake (zip 54871)
- The Sales Tax Rate for Shell Lake (zip 54871) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Shell Lake (zip 54871) is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shell Lake (zip 54871)
- The average income of a Shell Lake (zip 54871) resident is $28,991 a year. The US average is $37,638 a year.
- The Median household income of a Shell Lake (zip 54871) resident is $55,398 a year. The US average is $69,021 a year.