Elk, MO is an excellent place to live with affordable housing and groceries. The average 2 Bedroom rent in Elk, MO is $710 compared to the US average of $1,430 per month. The grocery cost index in Elk, MO is 92 versus 100 in the US; this makes it even more affordable to shop for food within the city limits. \nThe local economy relies on a variety of businesses that provide employment and services for residents. Notable local companies include Elk Lumber Company, JH Logistics, and BAC Automation. These companies employ many of the locals and help support the economy of Elk, MO.
Elk has an unemployment rate of 4.7%. The US average is 6.0%.
Elk has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Elk
- The Sales Tax Rate for Elk is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Elk is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elk
- The average income of a Elk resident is $23,405 a year. The US average is $37,638 a year.
- The Median household income of a Elk resident is $0 a year. The US average is $69,021 a year.