Elgin, PA is a small town located in the heart of Pennsylvania. It has a population of approximately 500 people. Elgin is known for its peacefulness and tranquility, providing residents with the perfect escape from city life. The cost of living in Elgin is relatively inexpensive when compared to that of other cities. For example, rent for a two bedroom apartment averages around $870 per month, while the national average is significantly higher at $1,430 per month. Additionally, food costs are relatively low as well; the Grocery Cost Index in Elgin stands at 94 versus 100 in the US. Local businesses around Elgin include Jolyn’s Pizza and Teikametrics Inc., both of which provide services to nearby neighborhoods. All in all, Elgin offers an affordable cost of living along with great access to local businesses and services.
Elgin has an unemployment rate of 9.1%. The US average is 6.0%.
Elgin has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.
Tax Rates for Elgin
- The Sales Tax Rate for Elgin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elgin is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elgin
- The average income of a Elgin resident is $16,893 a year. The US average is $28,555 a year.
- The Median household income of a Elgin resident is $50,865 a year. The US average is $69,021 a year.