Elm Grove, ND is a charming small town with affordable living costs. The cost of rent for 2 bedrooms is only $800 which is significantly lower than the national average of $1,430. Grocery costs in Elm Grove are also lower than the national average with a grocery cost index of 98 versus 100 in the US. The local economy provides plenty of opportunity for employment, with interesting companies such as Elm Grove Dairy, K&K Construction and High Plains Gas & Oil. In addition to their thriving economic scene, Elm Grove has many great attractions to explore such as Red Cottage Farm, Memorial Park and the annual Fall Festival. With its low rents and prices, combined with its exciting activities and culture-rich atmosphere, Elm Grove is an ideal place to call home.
Elm Grove has an unemployment rate of 4.0%. The US average is 6.0%.
Elm Grove 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 Elm Grove
- The Sales Tax Rate for Elm Grove is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elm Grove 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 Elm Grove
- The average income of a Elm Grove resident is $30,039 a year. The US average is $28,555 a year.
- The Median household income of a Elm Grove resident is $133,958 a year. The US average is $69,021 a year.