Elmwood, NE is a charming small town, boasting a quaint downtown filled with locally-owned shops and restaurants. Residents here can expect to take advantage of affordable rental costs, as the average two bedroom rent price is $860 - almost half of the US average rate of $1,430. Additionally, expenditures on groceries are particularly economical in Elmwood; the Grocery Cost Index for this area is 97, while it sits at 100 in the US on average. Local businesses include Elmwood Market & Café, offering freshly prepared meals and pastries alongside locally grown produce, and Main Street Hardware Store for all your hardware needs. With its tranquil atmosphere and cost-friendly living options, Elmwood is an ideal place to call home.
Elmwood has an unemployment rate of 3.2%. The US average is 6.0%.
Elmwood has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Elmwood
- The Sales Tax Rate for Elmwood is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Elmwood 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 Elmwood
- The average income of a Elmwood resident is $22,963 a year. The US average is $28,555 a year.
- The Median household income of a Elmwood resident is $72,857 a year. The US average is $69,021 a year.