Elora, ND is a small town with a population of around 500 people. It is located in the midwestern part of the United States and is known for its quaint atmosphere and historical importance. The cost of living in Elora, ND is quite low compared to many other areas in the US. For example, the cost of renting a two bedroom apartment here is only $770 which is much lower than the national average of $1430. The grocery cost index for Elora, ND is 91 which means it is slightly cheaper than most places in the US where it's 100 on average. Local business opportunities are abundant with popular companies such as The Corner Store, Nellie's Cafe and Gander’s General Store providing goods and services to locals. All these factors make Elora a great place to live comfortably on a budget.
Elora has an unemployment rate of 5.9%. The US average is 6.0%.
Elora has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 15.3%, which is lower than the US average of 33.5%.
Tax Rates for Elora
- The Sales Tax Rate for Elora is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elora 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 Elora
- The average income of a Elora resident is $65,767 a year. The US average is $28,555 a year.
- The Median household income of a Elora resident is $80,000 a year. The US average is $69,021 a year.