Elk, WI is an affordable place to live with many local businesses. The average 2 bedroom rent in Elk is $840, which is much less than the U.S. average of $1430. This makes Elk a great choice for families looking for more affordable housing options. In addition, the cost of groceries in Elk is 91 on the Grocery Cost Index versus 100 in the US, meaning groceries are also cheaper in Elk than the rest of the country. Local businesses include Groceries Plus and Farmer Joe Restaurant that offer quality goods and services while maintaining a friendly and welcoming atmosphere. With affordability at its peak in Elk, it's no surprise this small town has become quite popular with families looking to save money on their everyday living expenses.
Elk has an unemployment rate of 5.2%. The US average is 6.0%.
Elk has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Elk
- The Sales Tax Rate for Elk is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Elk is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elk
- The average income of a Elk resident is $30,479 a year. The US average is $28,555 a year.
- The Median household income of a Elk resident is $65,380 a year. The US average is $69,021 a year.