Elkport, IA is a small town located in Clayton County. It has a population of around 200 people and offers plenty of serene surroundings. The cost of living in Elkport is considerably lower than the US average. Rent for a two bedroom apartment costs $780, while it typically costs $1,430 for a similar unit across the US. The local grocery cost index is 96, which is below the US average 100. This relatively low cost of living makes Elkport an attractive option for those looking to get more bang for their buck. Some companies operating out of the city include Kress Financial Services, J&L Accounting Services and B&K Auto Body Repair Shop.
Elkport has an unemployment rate of 6.6%. The US average is 6.0%.
Elkport has seen the job market decrease by -7.4% 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 Elkport
- The Sales Tax Rate for Elkport is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkport 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 Elkport
- The average income of a Elkport resident is $17,024 a year. The US average is $37,638 a year.
- The Median household income of a Elkport resident is $0 a year. The US average is $69,021 a year.