Little Elk, MN is a small town located in the Great Lakes region with many local businesses and amenities. It is known for its low rental rates, with two bedroom apartments going for around $850. The cost of living in Little Elk is lower than the national average, with a Grocery Cost Index of 95 compared to 100 nationally. Local businesses in the area include Anderson's Hardware store, Little Creek Cafe & Bakery, and Midway Auto Body. These three businesses contribute to the economy of Little Elk and are essential for providing quality services and products to the community.
Little Elk has an unemployment rate of 5.4%. The US average is 6.0%.
Little Elk has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Little Elk
- The Sales Tax Rate for Little Elk is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Little Elk 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 Little Elk
- The average income of a Little Elk resident is $18,516 a year. The US average is $28,555 a year.
- The Median household income of a Little Elk resident is $54,167 a year. The US average is $69,021 a year.