Elrod, NC is a small town located in the heart of North Carolina. It has a population of around 1,000 people and is known for its friendly atmosphere and southern hospitality. The cost of living in Elrod is much lower than the national average, with rent for a two-bedroom apartment costing an average of $670 per month. Groceries are also more affordable in Elrod than the United States as a whole; according to the Grocery Cost Index, Elrod's costs are 92 compared to 100 nationally. \nLocal businesses in Elrod include King Motors Car Dealership, McFly's Pub and Grill, Royal Pet Grooming Services, and Jaxon's Hardware Store. These businesses provide both employment opportunities and essential services to residents of Elrod and the surrounding area.
Elrod has an unemployment rate of 6.8%. The US average is 6.0%.
Elrod 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 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Elrod
- The Sales Tax Rate for Elrod is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elrod 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 Elrod
- The average income of a Elrod resident is $10,117 a year. The US average is $28,555 a year.
- The Median household income of a Elrod resident is $21,313 a year. The US average is $69,021 a year.