Elkins, WV is an inviting community located in Randolph County. The cost of living is lower than the US average with 2 bedroom rent being $740 versus $1,430 nationally. Additionally, the grocery cost index in Elkins is 98 compared to 100 in the US. There are numerous local companies that contribute to the economy of Elkins, such as Davis Trust Company which offers premier banking services to the citizens of Elkins and surrounding areas. Additionally, Ray's Appliance & TV provides top quality home appliance repairs and sales. Another local business is The Cutting Edge Barbershop which offers a diverse range of haircuts and styles for men and women alike. All together these businesses create a vibrant culture in Elkins where residents can enjoy affordable living while also benefiting from great local businesses.
Elkins has an unemployment rate of 7.1%. The US average is 6.0%.
Elkins has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Elkins
- The Sales Tax Rate for Elkins is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elkins is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elkins
- The average income of a Elkins resident is $22,442 a year. The US average is $28,555 a year.
- The Median household income of a Elkins resident is $36,909 a year. The US average is $69,021 a year.