Elmdale, KS is a small town in Kansas with a population of around 5,000 people. The cost of living in Elmdale is relatively low compared to the US average. The 2 bedroom rent in Elmdale is $860 compared to the US average of $1,430, making it an attractive option for those who are looking for an affordable place to live. Grocery costs in Elmdale also index at 92 versus 100 in the US as another cost-saving advantage when making choices about where to move.
The local economy is made up of mainly small businesses such as local cafes, shops, and restaurants like Zola's Cafe and Micky D's Country Store. There are also larger companies like Smithco Manufacturing that have been based out of Elmdale since 1999 and are still going strong today. All of these businesses contribute to the town's economy and make it an attractive destination for potential residents.
Elmdale has an unemployment rate of 3.1%. The US average is 6.0%.
Elmdale has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 64.0%, which is higher than the US average of 33.5%.
Tax Rates for Elmdale
- The Sales Tax Rate for Elmdale is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Elmdale 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 Elmdale
- The average income of a Elmdale resident is $87,902 a year. The US average is $28,555 a year.
- The Median household income of a Elmdale resident is $46,667 a year. The US average is $69,021 a year.