Elm River, ND is a small city located in the northern part of the state. It offers an affordable cost of living for residents, with an average two bedroom rent at $940 compared to the US average of $1,430. Grocery costs are also comparatively low with an index score of 98 versus 100 in the US. Locals can take advantage of nearby attractions like the Elm River Nature Center and Elm Lake Park, as well as businesses such as Blackstone Grocery Store and Elm River Auto Parts.
Elm River has an unemployment rate of 3.4%. The US average is 6.0%.
Elm River has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Elm River
- The Sales Tax Rate for Elm River is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elm River is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elm River
- The average income of a Elm River resident is $57,963 a year. The US average is $37,638 a year.
- The Median household income of a Elm River resident is $0 a year. The US average is $69,021 a year.