Elmira, NY is a small city located in the Finger Lakes region of New York. It is a picturesque city with rolling hills, vineyards, and access to Lake Seneca. Elmira has long been an industrial hub and is home to companies such as Chemung Canal Trust Company, Ernie Davis Industries, and Tops Friendly Markets. Recently, the city of Elmira was awarded nearly $3 million in grant funding from the state for economic development projects aimed at attracting new businesses. The average two-bedroom rental in Elmira stands at $950 compared to the national average of $1,430. The Grocery Cost Index in Elmira is 95 versus 100 nationally which reflects an overall affordable lifestyle for residents.
Elmira has an unemployment rate of 9.6%. The US average is 6.0%.
Elmira has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 9.3%, which is lower than the US average of 33.5%.
Tax Rates for Elmira
- The Sales Tax Rate for Elmira is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Elmira is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elmira
- The average income of a Elmira resident is $17,460 a year. The US average is $28,555 a year.
- The Median household income of a Elmira resident is $41,675 a year. The US average is $69,021 a year.