Elwood, NE is a small town located in Central Nebraska. The town offers a relaxed lifestyle with a low cost of living. Residents enjoy the local amenities such as shopping, restaurants, and entertainment venues. The two-bedroom rental rate for Elwood is $840 which is significantly lower than the US average of $1,430. In addition to low rent rates, the Grocery Cost Index for Elwood is 97 compared to 100 in the US, making it an affordable place to live. Local businesses include Jacobson's Super Store, Farmers Union Co-op Association, and R & F Tire Service Inc., all providing services for their community members. Elwood offers a quiet and comfortable lifestyle for those looking for a laidback environment with great amenities at an affordable price.
Elwood has an unemployment rate of 1.9%. The US average is 6.0%.
Elwood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Elwood
- The Sales Tax Rate for Elwood is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Elwood 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 Elwood
- The average income of a Elwood resident is $24,674 a year. The US average is $28,555 a year.
- The Median household income of a Elwood resident is $66,048 a year. The US average is $69,021 a year.