Elkton, VA is a small town located in the state of Virginia. It is known for its rural charm and tight-knit community atmosphere. The cost of living in Elkton is relatively lower than the national average. For example, 2 bedroom rent in Elkton is $940 which is much lower compared to the US average of $1,430. Similarly, grocery cost index in Elkton stands at 96 versus 100 in the US. Businesses found here include local retailers such as Valley View Farm Market, Larry's IGA Grocery, and Spillers Drugs & Gifts. For those looking for an affordable place to live with a friendly community vibe, Elkton could be an ideal location!.
Elkton has an unemployment rate of 4.0%. The US average is 6.0%.
Elkton has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Elkton
- The Sales Tax Rate for Elkton is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Elkton is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elkton
- The average income of a Elkton resident is $26,112 a year. The US average is $28,555 a year.
- The Median household income of a Elkton resident is $53,750 a year. The US average is $69,021 a year.