Elm Creek, MN is a small town located just outside of Minneapolis known for its friendly atmosphere and close-knit community. The cost of living in Elm Creek is much lower than the national average, with 2 bedroom rents at $840 compared to the US rate of $1,430. Grocery costs in Elm Creek are approximately 6 points below the national average on the grocery cost index. There are several local businesses in Elm Creek such as The Burger Shack offering delicious burgers and handcrafted milkshakes at family-friendly prices, Cedar Lake Golf Course for those wanting to practice their swings or take part in a round of golf, and Elm Creek Miniature Golf for some fun afternoon entertainment.
Elm Creek has an unemployment rate of 4.3%. The US average is 6.0%.
Elm Creek 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 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Elm Creek
- The Sales Tax Rate for Elm Creek is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Elm Creek 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 Elm Creek
- The average income of a Elm Creek resident is $34,637 a year. The US average is $28,555 a year.
- The Median household income of a Elm Creek resident is $84,583 a year. The US average is $69,021 a year.