Elk Park, NC is a small town located in the Appalachian Mountains. It is an affordable place to live that offers a more relaxed and laid back lifestyle than some of the bigger cities nearby. The average 2 bedroom rent in Elk Park is $930 per month, significantly lower than the national average of $1,430. The cost of living is also cheaper in Elk Park, with a Grocery Cost Index of 95 compared to 100 nationally.
The town has many local businesses that contribute to its vibrant atmosphere. These include restaurants such as Granny’s Kitchen and Smoky Mountain Cafe; boutique shops like L&M Stitches and Mint Boutique; and outdoor attractions like Elk Park Whitewater Rafting and Grandfather Mountain Ziplines. Additionally, Elk Park hosts an annual Music Festival which draws visitors from all over the region to enjoy live music and art performances.
Elk Park has an unemployment rate of 4.1%. The US average is 6.0%.
Elk Park has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.
Tax Rates for Elk Park
- The Sales Tax Rate for Elk Park is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elk Park is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elk Park
- The average income of a Elk Park resident is $14,521 a year. The US average is $28,555 a year.
- The Median household income of a Elk Park resident is $40,357 a year. The US average is $69,021 a year.