equestId":"e560ee30-86f0-4d76-afb5-09a4d39e4318","resource":"content","data":[{"id":"txt_2ca7d1f3dafb49e4ae949e4208a5d5b8","text":", other costs of living\n \nElk River, MN is a small city located in Northwest Minnesota with a population of about 25,000. The rent for two-bedroom apartments in Elk River is relatively inexpensive compared to the rest of the US, costing an average of $1,310 compared to the national average of $1,430. In addition to low rental costs, Elk River also has a lower grocery cost index than the US average. The cost index in Elk River is 101 versus 100 in the US. Besides these costs being lower than the national average, there are a variety of local companies that make Elk River an attractive place to live. Some notable local businesses include Midway Ford Inc., Atlas Gyros & Subs and Thrifty White Pharmacy. Other costs such as transportation, utilities and healthcare are also very competitively priced in Elk River and make it a desirable place for families looking for an affordable lifestyle.
Elk River has an unemployment rate of 4.9%. The US average is 6.0%.
Elk River has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Elk River
- The Sales Tax Rate for Elk River is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Elk River is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elk River
- The average income of a Elk River resident is $32,350 a year. The US average is $28,555 a year.
- The Median household income of a Elk River resident is $83,875 a year. The US average is $69,021 a year.