Elmore, MN is a small town located near the Mississippi River. It is known for its friendly locals and quaint atmosphere. The cost of living in Elmore is quite low, with two bedroom rental prices set at $650 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Elmore is 91 versus 100 in the US. Residents enjoy the benefits of living in Elmore without having to pay high prices.
The town has many local businesses that locals can patronize such as Robertson's Hardware Store which has been serving the community since 1879. There are also several restaurants like Gloria's Bakery and Café where one can find hearty breakfast treats and burgers for lunch. For outdoor activities, there is Riverside Park which offers walking trails along the riverbanks and boat launches for those wanting to go fishing or take a cruise down the river. Elmore also boasts serene views of nature’s beauty with its abundance of lush green fields, rolling hills and wildlife that roam freely throughout town.
Elmore has an unemployment rate of 5.2%. The US average is 6.0%.
Elmore has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Elmore
- The Sales Tax Rate for Elmore is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Elmore is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elmore
- The average income of a Elmore resident is $16,118 a year. The US average is $28,555 a year.
- The Median household income of a Elmore resident is $39,911 a year. The US average is $69,021 a year.