Elkmount, ND is a small town located in the North Dakota area. It is known for its affordable living costs, with a two-bedroom rent being $980 compared to the US average of $1,430. Grocery costs are also below the national average, with an index score of 91 compared to 100 in the US. Local business include Elkmount Chevrolet, McManus Furniture Center and Boyer Photo Lab Inc. There are also several smaller stores such as Family Dollar and Ace Hardware located in Elkmount that locals frequent.
Elkmount has an unemployment rate of 4.0%. The US average is 6.0%.
Elkmount has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Elkmount
- The Sales Tax Rate for Elkmount is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elkmount 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 Elkmount
- The average income of a Elkmount resident is $28,413 a year. The US average is $28,555 a year.
- The Median household income of a Elkmount resident is $78,750 a year. The US average is $69,021 a year.