Elkader, IA is a great place to live for those looking for an affordable cost of living. The average two bedroom rent in Elkader, IA is only $780, which is $650 cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in Elkader is only 93 compared to the US average of 100. This means groceries are relatively cheaper than other places. There are also many local businesses in Elkader such as the grocery store Hy-Vee, bank North Trust Bank, and restaurants including Wingers Bar & Grill and The Packinghouse Steaks & Seafood. With the low rent prices and grocery costs combined with local business options, Elkader provides an affordable and comfortable lifestyle.
Elkader has an unemployment rate of 6.6%. The US average is 6.0%.
Elkader has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Elkader
- The Sales Tax Rate for Elkader is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkader 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 Elkader
- The average income of a Elkader resident is $29,490 a year. The US average is $28,555 a year.
- The Median household income of a Elkader resident is $58,021 a year. The US average is $69,021 a year.