Ely, IA is a small city located in the Midwest with a population of about 800 people. It is known for its beautiful landscapes and peaceful atmosphere that creates an inviting environment for residents. The cost of living in Ely, IA is lower than the U.S. average, with a two bedroom rent being $930 compared to $1,430 nationally and grocery costs indexing at 100 versus 100 for the US. Local companies in Ely include Business Solutions Inc., Ted's Lumber Co., and Ranchland Services LLC. There are also several community building organizations such as the Ely Lions Club which helps the local youth to participate in extracurricular activities and gain valuable experience. Residents of Ely enjoy the laid-back atmosphere with plenty of outdoor activities nearby such as fishing, camping, hiking, and biking.
Ely has an unemployment rate of 5.3%. The US average is 6.0%.
Ely has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Ely
- The Sales Tax Rate for Ely is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ely is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ely
- The average income of a Ely resident is $37,451 a year. The US average is $37,638 a year.
- The Median household income of a Ely resident is $99,083 a year. The US average is $69,021 a year.