Elk Falls, KS is an attractive and affordable place to live. With a 2 bedroom rental cost of only $640, it is much lower than the national average of $1,430. The Grocery Cost Index in Elk Falls is also significantly lower than the national average at 93 compared to 100. There are a variety of local businesses and companies that make Elk Falls an ideal location to call home. Local businesses include Armstrong Industries, a manufacturing company known for producing electronics components; The Front Porch Gallery, an art gallery featuring local artists; and Sugar Rush Bakery which serves delicious pastries and cakes made fresh daily.
Elk Falls has an unemployment rate of 3.8%. The US average is 6.0%.
Elk Falls has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 11.1%, which is lower than the US average of 33.5%.
Tax Rates for Elk Falls
- The Sales Tax Rate for Elk Falls is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Elk Falls is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elk Falls
- The average income of a Elk Falls resident is $25,335 a year. The US average is $37,638 a year.
- The Median household income of a Elk Falls resident is $0 a year. The US average is $69,021 a year.