Elkin, NC is an ideal place to live for those looking for a small-town atmosphere with big-city amenities. With 2-bedroom rents at $790 compared to the US average of $1,430 and a Grocery Cost Index of 94 versus 100 in the US, living costs are lower than most places. The town also offers plenty of activities and attractions for its residents. Outdoor enthusiasts can take advantage of the nearby Stone Mountain State Park with its range of hiking trails and stocked fishing lakes. Other attractions include wineries such as Shelton Vineyards and local businesses like Elkin Furniture Company, Elkin Valley Sporting Goods and more. Elkin also offers plenty of restaurants where you can enjoy local cuisine as well as some great family activities such as the Yadkin Valley Railroad excursions, the Yadkin Cultural Arts Center and much more. With so many wonderful opportunities available, it's easy to see why Elkin is a great place to live!
Elkin has an unemployment rate of 4.2%. The US average is 6.0%.
Elkin has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Elkin
- The Sales Tax Rate for Elkin is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkin 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 Elkin
- The average income of a Elkin resident is $19,480 a year. The US average is $28,555 a year.
- The Median household income of a Elkin resident is $54,852 a year. The US average is $69,021 a year.