Elba, NE is a small city located in Buffalo County. It is known for its vibrant community and its affordable cost of living. The median 2 bedroom rent in Elba is much lower than the US average, at only $850 per month. Additionally, the grocery cost index in Elba is 94 versus 100 in the US, making groceries more affordable. Local businesses in Elba include Reifenrath's Meat Processing & Market, Blume's Department Store, and Dave's Repair Shop. With its low cost of living and local businesses, Elba is an ideal place to call home for those looking to save money.
Elba has an unemployment rate of 2.4%. The US average is 6.0%.
Elba has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Elba
- The Sales Tax Rate for Elba is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Elba is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elba
- The average income of a Elba resident is $19,898 a year. The US average is $28,555 a year.
- The Median household income of a Elba resident is $44,167 a year. The US average is $69,021 a year.