Elm City, NC is a great place to live, with an affordable cost of living compared to many other cities in the US. A two-bedroom rental in Elm City averages $880 per month, which is much lower than the US average rent of $1,430. The Grocery Cost Index in Elm City is also favorable when compared to the national average of 100; here it is 95. \nThere are plenty of locally-owned businesses that make this city unique and attractive to its residents. Among them are Joe's Cafe, offering delicious home-style cooking; Jones Financials, a full-service financial planning company; and Brock Brothers Lumber Supplies for all your home improvement needs. With so much on offer in Elm City, it's easy to see why so many people choose to live and work here.
Elm City has an unemployment rate of 6.2%. The US average is 6.0%.
Elm City has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Elm City
- The Sales Tax Rate for Elm City is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elm City is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elm City
- The average income of a Elm City resident is $17,265 a year. The US average is $28,555 a year.
- The Median household income of a Elm City resident is $32,216 a year. The US average is $69,021 a year.