Economy in Elida, Ohio

Elida, Ohio is a rural town located near Lima in Allen County. The town has a population of slightly over 1,400 people. Elida is home to several local businesses including Elida Farm Supply, Van Wert Plastics, and Pro Performance Automotive.
The cost of living in Elida is generally lower than that of the US as a whole. 2 bedroom rent in Elida is around $920 while the same rent in the US averages at $1,430. Additionally, the grocery cost index in Elida is 93 versus 100 in the US which makes it cheaper for locals to purchase groceries and other necessities.

Elida has an unemployment rate of 5.4%. The US average is 6.0%.

Elida has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Elida
- The Sales Tax Rate for Elida is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elida is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Elida
- The average income of a Elida resident is $28,160 a year. The US average is $28,555 a year.
- The Median household income of a Elida resident is $79,375 a year. The US average is $69,021 a year.