Elma Center, NY is an affordable small town with a cozy atmosphere. It is situated in Erie County and has a population of around 5,000 people. The average rent for a two bedroom apartment is much lower than the US national average at $1,270 a month. Additionally, the Grocery Cost Index in Elma Center is 105 compared to 100 in the US, making everyday necessities more expensive than average.
Some of the local companies in Elma Center include Maple Country store, Nickerson Farm Market & Bakery, and Elma Lumber Co. These businesses offer items such as fresh produce, artisanal products, and home improvement supplies to locals and visitors alike.
In conclusion, Elma Center offers an attractive cost of living for those who choose to live there. With inexpensive rent and nearby local businesses providing quality goods at slightly higher prices than average, it can be an ideal place for individuals or families looking for an affordable yet comfortable place to call home.
Elma Center has an unemployment rate of 7.2%. The US average is 6.0%.
Elma Center 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 Center
- The Sales Tax Rate for Elma Center is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Elma Center 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 Center
- The average income of a Elma Center resident is $33,290 a year. The US average is $28,555 a year.
- The Median household income of a Elma Center resident is $94,122 a year. The US average is $69,021 a year.