Elmwood, Louisiana is a small town situated in the east of the state. It is home to various local companies such as Elmwood Auto Parts, Elmwood Furniture and Appliance Store and Elmwood Florist. The cost of living in Elmwood is generally lower than that of other towns across the US, with 2 bedroom rent at $1,420 compared to $1,430 nationwide. Additionally, the Grocery Cost Index in Elmwood is at 99 while it stands at 100 in the US. All in all, living in Elmwood can be more affordable than other towns across America.
Elmwood has an unemployment rate of 7.6%. The US average is 6.0%.
Elmwood has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Elmwood
- The Sales Tax Rate for Elmwood is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Elmwood is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elmwood
- The average income of a Elmwood resident is $40,130 a year. The US average is $28,555 a year.
- The Median household income of a Elmwood resident is $75,526 a year. The US average is $69,021 a year.