Elkins, AR is a small town located in Northwest Arkansas. The town consists of mostly residential homes and is known for its peaceful atmosphere. It has recently become more popular due to the low cost of living compared to other places in the US. The average two bedroom rent in Elkins is $940 compared to the national average of $1,430. Additionally, Grocery Cost Index is 97 versus 100 in the US, making groceries easily affordable for locals.
The town also has a few small businesses such as Clint’s Pizza, Oliver’s Barbecue, and Bearcat Country Store which are local favorites among the residents. Elkins also houses a few churches and doctors offices providing needed services to its citizens. Overall, Elkins is an ideal place for those looking for a quiet home with an affordable cost of living.
Elkins has an unemployment rate of 3.5%. The US average is 6.0%.
Elkins 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 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Elkins
- The Sales Tax Rate for Elkins is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Elkins is 6.9%. 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 $20,470 a year. The US average is $28,555 a year.
- The Median household income of a Elkins resident is $66,809 a year. The US average is $69,021 a year.