Shelby, MT is a small city with a population of just under 5,000. The cost of living in Shelby is quite affordable, with an average two bedroom rent cost of $800 per month compared to the US average of $1,430. Additionally, grocery costs are also lower when compared to the national average as evidenced by the local Grocery Cost Index score of 98 versus 100 in the US. This low cost of living has been attributed to nearby businesses such as Montana Specialty Mills, which provides agricultural services for farmers and ranchers in the area; Uptime Energy which produces natural gas from coal bed methane; and Endeavor Air which offers aircraft maintenance services. This robust local economy is one reason why Shelby remains an affordable place to live.
Shelby (zip 59474) has an unemployment rate of 3.3%. The US average is 6.0%.
Shelby (zip 59474) has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 5.5%, which is lower than the US average of 33.5%.
Tax Rates for Shelby (zip 59474)
- The Sales Tax Rate for Shelby (zip 59474) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Shelby (zip 59474) is 6.9%. The US average is 4.6%.
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Income and Salaries for Shelby (zip 59474)
- The average income of a Shelby (zip 59474) resident is $30,691 a year. The US average is $37,638 a year.
- The Median household income of a Shelby (zip 59474) resident is $47,202 a year. The US average is $69,021 a year.