Elkhorn, WI is a vibrant city with plenty to offer its residents. It has a wide variety of local companies such as Johnson Controls, Spectrum Brands, and Sargento Foods that all provide economic opportunities for the area. The cost of living in Elkhorn is relatively low when compared to the US overall; 2 bedroom rent is $1,050 while it is $1,430 across the nation and grocery cost index is 97 versus 100 in the US. This makes Elkhorn an attractive location for those looking to save money while still enjoying all that this city has to offer.
Elkhorn has an unemployment rate of 4.7%. The US average is 6.0%.
Elkhorn has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Elkhorn
- The Sales Tax Rate for Elkhorn is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Elkhorn 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 Elkhorn
- The average income of a Elkhorn resident is $23,746 a year. The US average is $28,555 a year.
- The Median household income of a Elkhorn resident is $68,339 a year. The US average is $69,021 a year.