Elroy, NC is a small town located in North Carolina that offers affordable rental options for those looking to settle down. The average two bedroom rent is $1,100 as compared to the US average of $1,430. The town also has lower grocery costs than the national average with an index of 95 versus 100 in the US. Businesses and attractions in Elroy include local restaurants like Elroy's Diner and shopping centers such as Elroy Plaza. During the summer months, visitors can enjoy outdoor activities such as fishing at Lake Elroy or attending one of the many festivals held throughout the year. There are plenty of things to do in Elroy and its low cost of living makes it a desirable place to live.
Elroy has an unemployment rate of 4.8%. The US average is 6.0%.
Elroy has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Elroy
- The Sales Tax Rate for Elroy is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elroy 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 Elroy
- The average income of a Elroy resident is $18,420 a year. The US average is $28,555 a year.
- The Median household income of a Elroy resident is $56,571 a year. The US average is $69,021 a year.