Elsmere, KY is a small city located near the Ohio River in Northern Kentucky. It has a population of 8,400 people and is home to local businesses such as Elsmere Home Loans, Balmeo Mobile Electronics, and Elsmere Auto Maintenance. The average rent for a two-bedroom apartment in Elsmere is $1,180 compared to the US average of $1,430. The grocery cost index in Elsmere was 97 versus 100 in the US. All these factors contribute to making Elsmere an affordable place to live with an average cost of living below the national average.
Elsmere has an unemployment rate of 4.6%. The US average is 6.0%.
Elsmere has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Elsmere
- The Sales Tax Rate for Elsmere is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elsmere is 6.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elsmere
- The average income of a Elsmere resident is $20,536 a year. The US average is $28,555 a year.
- The Median household income of a Elsmere resident is $57,459 a year. The US average is $69,021 a year.