Shetek, MN is a small town located in Cottonwood County. It’s known for its charming downtown area with local businesses such as Bank of Shetek, Shetek Community Market, and Big Creek Cafe. The cost of living in Shetek is quite reasonable – the average two bedroom rent in Shetek is only $820 compared to the U.S. average of $1,430. The Grocery Cost Index in Shetek is 92 which is below the national average of 100. This makes it affordable to live in Shetek while still enjoying all that the town has to offer.
Shetek has an unemployment rate of 6.4%. The US average is 6.0%.
Shetek has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Shetek
- The Sales Tax Rate for Shetek is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Shetek is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing ºÚÁÏÉçÇø.
Income and Salaries for Shetek
- The average income of a Shetek resident is $46,385 a year. The US average is $37,638 a year.
- The Median household income of a Shetek resident is $80,625 a year. The US average is $69,021 a year.