Elma, NY is a beautiful small town located in upstate New York. It is a wonderful place to live with many great amenities and access to local businesses. The average rent for a two bedroom apartment in Elma, NY is $1,220 which is significantly lower than the US 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in Elma, NY is 105 versus 100 in the US, showing an overall lower cost of living in this area. There are many local companies that make life enjoyable including Cupcake Castle Bakery & Cafe which has delightful desserts and coffee drinks; The Iron Rabbit Pub which serves delicious pub food; and The Shoppe Boutique where you can find fashionable clothing at reasonable prices. Elma, NY is an ideal living destination for people who want to experience the small town feeling while still having affordable housing and convenient access to local businesses.
Elma has an unemployment rate of 7.2%. The US average is 6.0%.
Elma has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Elma
- The Sales Tax Rate for Elma is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Elma is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elma
- The average income of a Elma resident is $34,479 a year. The US average is $28,555 a year.
- The Median household income of a Elma resident is $79,375 a year. The US average is $69,021 a year.