Elgin, ND is a rural community located in the Midwestern United States. It is known for its small-town atmosphere and friendly locals. Rent in Elgin is significantly lower than the US average, with 2 bedroom apartments going for $720 compared to the US average of $1,430. Grocery Cost Index in Elgin also stands at 93 versus 100 in the US, making it an affordable place to live. \nThe town is home to local businesses such as Elgin Supply Co., Pineview Excavating and Trucking, LLC, and Wayne's Salvage & Recycling LLC. The cost of living here is low and makes it an attractive place to live for those who are looking to stretch their paycheck farther than usual.
Elgin has an unemployment rate of 3.3%. The US average is 6.0%.
Elgin has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 11.4%, which is lower than the US average of 33.5%.
Tax Rates for Elgin
- The Sales Tax Rate for Elgin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elgin is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elgin
- The average income of a Elgin resident is $27,378 a year. The US average is $28,555 a year.
- The Median household income of a Elgin resident is $61,875 a year. The US average is $69,021 a year.