Eloy, AZ is a wonderful city to live in due to its lower cost of living compared to other cities in the US. The average 2 bedroom rent in Eloy is $1,260 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Eloy is 94 versus 100 in the US which makes it very affordable for groceries and other necessities. There are many local companies that make up this great city such as the Hayes-Fransisco Corporation, Arizona Beef Company and Giant Cement Holding Inc. All these businesses offer residents employment opportunities and help drive economic growth for Eloy. With its low rent prices, grocery costs and variety of businesses available, there’s no doubt why people are flocking to Eloy as their new home.
Eloy has an unemployment rate of 6.4%. The US average is 6.0%.
Eloy has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 48.0%, which is higher than the US average of 33.5%.
Tax Rates for Eloy
- The Sales Tax Rate for Eloy is 9.7%. The US average is 7.3%.
- The Income Tax Rate for Eloy is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Eloy
- The average income of a Eloy resident is $8,628 a year. The US average is $28,555 a year.
- The Median household income of a Eloy resident is $49,526 a year. The US average is $69,021 a year.