Elliott, IA is a small city located in western Iowa. It is an ideal place to live for people who want to settle down and enjoy life away from the hustle and bustle of larger cities. The cost of living in Elliott is much lower than the national average, which can be seen through the 2 bedroom rent of $940 compared to the US 2 bedroom rent of $1,430. Additionally, Elliott's Grocery Cost Index is 94 compared to 100 in the US. This means that groceries are relatively cheaper in Elliott than they are across America. There are also several local businesses in Elliott such as True Value Hardware Store, Schooley’s Produce Farm Market, and Miles & Son Mechanical Services Inc. All of these businesses provide invaluable services and goods to the people living in Elliott. With its low cost of living and interesting local businesses, it's no wonder why people love living in Elliott.
Elliott has an unemployment rate of 3.9%. The US average is 6.0%.
Elliott has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Elliott
- The Sales Tax Rate for Elliott is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elliott 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 Elliott
- The average income of a Elliott resident is $17,574 a year. The US average is $28,555 a year.
- The Median household income of a Elliott resident is $58,864 a year. The US average is $69,021 a year.