Shawmut, MT is a small town located in the Northwest corner of Montana. It has a population of just under 500 people according to the 2019 census. The cost of living in Shawmut is significantly lower than that of other cities in the US, with average 2 Bedroom rent costing $820 compared to the national average of $1,430. The Grocery Cost Index in Shawmut is 97 compared to 100 nationwide, further demonstrating how economical it is to live there. Shawmut's main industries include agriculture, timber production, and renewable energy. Some notable local companies are F&S Feed & Grain Co., Lost Creek Farms LLC, and Shawmut Logging Company Ltd. All these factors combined make for an affordable place to live with plenty of job opportunities available for those who choose to move or settle in Shawmut.
Shawmut has an unemployment rate of 6.9%. The US average is 6.0%.
Shawmut has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 20.3%, which is lower than the US average of 33.5%.
Tax Rates for Shawmut
- The Sales Tax Rate for Shawmut is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Shawmut is 6.9%. The US average is 4.6%.
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Income and Salaries for Shawmut
- The average income of a Shawmut resident is $22,917 a year. The US average is $37,638 a year.
- The Median household income of a Shawmut resident is $0 a year. The US average is $69,021 a year.