Elba, AL is a bustling town filled with exciting activities and businesses. With a lower cost of living than the US average, it's an attractive option for those looking to cut costs without sacrificing their quality of life. Two bedroom rent in Elba comes in at only $800 compared to the US average of $1,430, while grocery cost index is 93 versus 100 in the US. Local businesses include Jones Market grocery store, Elba Pawn Shop, and Best Buy Furniture & Appliances. Popular attractions include the Elba Equestrian Center, Paradise Point Park, and The Red Door Bar & Grill. With its low cost of living and wide variety of entertainment options, Elba is an ideal place to call home.
Elba has an unemployment rate of 2.4%. The US average is 6.0%.
Elba has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Elba
- The Sales Tax Rate for Elba is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Elba is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elba
- The average income of a Elba resident is $17,688 a year. The US average is $28,555 a year.
- The Median household income of a Elba resident is $39,913 a year. The US average is $69,021 a year.