Elwood, NY is a highly sought-after community due to its excellent living conditions. The average two bedroom rental costs in Elwood $2,480 compared to the US average of $1,430; this shows that Elwood offers more affordable housing than the rest of the country. Additionally, Elwood has a higher grocery cost index (107) than the US average (100), meaning residents have access to better quality groceries for their money.
The area boasts many local businesses such as Smithson's Hardware Store and Caulfield's Bakery. These establishments provide residents with necessary day-to-day services while also helping to foster the sense of community within the town. Furthermore, with numerous parks and recreational activities available throughout the year, there are plenty of ways for individuals of all ages to stay active and engaged in their surroundings.
All in all, Elwood, NY is an ideal location for anyone looking for an affordable yet high quality lifestyle. With its competitive rental rates and plethora of local amenities on offer, it’s no wonder why so many people are choosing Elwood as their home.
Elwood has an unemployment rate of 6.1%. The US average is 6.0%.
Elwood has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Elwood
- The Sales Tax Rate for Elwood is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Elwood is 6.5%. 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 $44,502 a year. The US average is $28,555 a year.
- The Median household income of a Elwood resident is $150,549 a year. The US average is $69,021 a year.