Elk Creek, PA is a small town located in scenic Pennsylvania. Despite its size, Elk Creek boasts an affordable cost of living as evidenced by the 2 bedroom rent of $870 per month which is significantly lower than the US average of $1,430. The grocery cost index in Elk Creek is 96 versus 100 in the US, making it an even more desirable place for people and businesses looking for a better quality of life.
The local economy of Elk Creek is supported by a variety of businesses including retail stores such as The Country Store and Liberty Tax Service; restaurants like the Elk Creek Bar and Grill and Little Caesars Pizza; professional services like Joe's Repair Shop and Valley Legal Services; medical centers such as the Elk Creek Medical Center and Financial institutions like Bank Of Elk Creek. All these businesses contribute to a thriving local economy that provides jobs for residents while also bringing money into the community.
Elk Creek has an unemployment rate of 9.1%. The US average is 6.0%.
Elk Creek 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 Elk Creek
- The Sales Tax Rate for Elk Creek is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elk Creek 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 Elk Creek
- The average income of a Elk Creek resident is $25,250 a year. The US average is $28,555 a year.
- The Median household income of a Elk Creek resident is $75,333 a year. The US average is $69,021 a year.