Elmira, MI Economy


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United States / Michigan / No Metro Area / Otsego County / Elmira / Zip Codes
Elmira, MI is a small town in the midwest known for its friendly residents. The area offers affordable living with two bedroom rent at $820 a month, compared to the US average of $1,430. Grocery costs are also lower than the national average due to Elmira's lower cost of living index. Local companies in Elmira include an RV dealership, car repair shop and gas station. There are also several restaurants and diners in the area that provide excellent home cooked meals. Residents can enjoy parks and trails for outdoor recreation, as well as get involved in small town activities such as farmer's markets and community events like fairs and festivals.

Elmira has an unemployment rate of 6.9%. The US average is 6.0%.

Elmira has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.

Tax Rates for Elmira
- The Sales Tax Rate for Elmira is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elmira is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Elmira
- The average income of a Elmira resident is $33,611 a year. The US average is $37,638 a year.
- The Median household income of a Elmira resident is $74,700 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElmira, MichiganUnited States
  6.96
  -5.5%-6.2%
  27.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $33,611$37,638
  $74,700$69,021
  $85,982$85,028
  Population by Occupation
  1.1%1.2%
  1.6%0.5%
  7.3%6.8%
  15.7%10.0%
  3.5%2.5%
  11.0%11.0%
  8.2%4.8%
  0.5%0.8%
  0.8%1.9%
  4.6%4.7%
  1.6%1.9%
  2.8%7.6%
  0.0%0.1%
  0.5%4.2%
  10.1%9.3%
  14.2%14.0%
  2.7%2.1%
  6.2%7.0%
  3.2%4.8%
  4.4%4.7%
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