Elmira, MO is a small town located in the northeastern part of Missouri. It has a population of approximately 1,700 people and is known for its scenic views and friendly community. The housing market in Elmira is quite affordable with two-bedroom rents averaging around $1,150 per month compared to an average two bedroom rent of $1,430 across the United States. The grocery cost index in Elmira is also comparatively lower at 97 versus 100 in the US.
The local economy of Elmira mainly consists of small businesses such as Smith's Family Hardware Store and Miller's General Store that have been serving the town’s residents for more than 50 years. Other local businesses include Johnson’s Garden Center and Poet’s Cafe & Bakery. Despite being relatively small in size, Elmira offers a great quality of life at an affordable price point making it an attractive place to live for families looking for an escape from big city life.
Elmira has an unemployment rate of 4.6%. The US average is 6.0%.
Elmira has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Elmira
- The Sales Tax Rate for Elmira is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Elmira 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 Elmira
- The average income of a Elmira resident is $35,152 a year. The US average is $37,638 a year.
- The Median household income of a Elmira resident is $0 a year. The US average is $69,021 a year.