Elko, NV is a small but vibrant city located in the northeast corner of Nevada. It has been a hub for many businesses and industries due to its strategic location near major highways, railroads and air transportation systems. Popular local companies in the area include Elko Mining Co., Barrick Gold Corporation, Newmont Mining Corporation and KGHM Polska Miedz S.A. The cost of living in Elko is relatively inexpensive compared to other cities across the nation with two-bedroom rent averaging at $1,290 monthly while the national average stands at $1,430. The grocery cost index for Elko is also relatively low compared to the national average of 100 with Elko's figure standing at 92.
Elko has an unemployment rate of 3.3%. The US average is 6.0%.
Elko has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Elko
- The Sales Tax Rate for Elko is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Elko is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elko
- The average income of a Elko resident is $31,292 a year. The US average is $28,555 a year.
- The Median household income of a Elko resident is $80,148 a year. The US average is $69,021 a year.