Elmira, MN is an idyllic community located in the Midwest. Its two-bedroom rental cost is significantly cheaper than that of the US, costing only $1,040 compared to its national counterpart at $1,430. Along with its affordable housing prices, the cost of goods at Elmira's grocery stores is also lower than the national average. Local companies such as a Century 21 Real Estate, Torvi's Hardware & Rental and Elmira Motors have been serving the area for decades and have become an integral part of the town.
Elmira has an unemployment rate of 3.7%. The US average is 6.0%.
Elmira has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Elmira
- The Sales Tax Rate for Elmira is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Elmira 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 Elmira
- The average income of a Elmira resident is $35,691 a year. The US average is $28,555 a year.
- The Median household income of a Elmira resident is $82,500 a year. The US average is $69,021 a year.