Little Elbow, MN is a small town located in northern Minnesota. The cost of living here is generally lower than the national average, with two-bedroom rents being around $870 compared to the national average of $1,430. Grocery costs are also quite low here with an index of 97 compared to 100 nationally. Local businesses include some small retail shops and restaurants like Little Elbow Cafe and The Woodshed Store. Additionally, there are several small farms in the area that produce local goods for sale including fruits, vegetables, eggs, honey and more.
Little Elbow has an unemployment rate of 8.1%. The US average is 6.0%.
Little Elbow has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Little Elbow
- The Sales Tax Rate for Little Elbow is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Little Elbow 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 Little Elbow
- The average income of a Little Elbow resident is $22,328 a year. The US average is $28,555 a year.
- The Median household income of a Little Elbow resident is $52,500 a year. The US average is $69,021 a year.