Elgin, OH is a small town located in the Midwest United States. It has a population of just under 5,000 people and offers a peaceful and relaxing lifestyle with many amenities close by. The average cost of rent for a two-bedroom apartment is $800 per month, which is much lower than the national average of $1,430. Additionally, the grocery cost index in Elgin is at 89 compared to the US average of 100, making it an affordable place to live. Local businesses such as Meijer Grocery Store offer low prices on everyday items while restaurants like Pizza Hut provide affordable dining options for residents in the area. In all, Elgin provides an excellent quality of life for its citizens at a fraction of what it costs in more populated areas.
Elgin has an unemployment rate of 3.8%. The US average is 6.0%.
Elgin has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Elgin
- The Sales Tax Rate for Elgin is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Elgin is 3.5%. 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 $15,780 a year. The US average is $28,555 a year.
- The Median household income of a Elgin resident is $78,208 a year. The US average is $69,021 a year.