Elk Lick, PA is a small town located in Somerset County. It is known for its rolling hills and rural landscape, making it a great place to raise a family or retire. The cost of living in Elk Lick is quite affordable; 2 bedroom rent averages at $820 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Elk Lick is 97 compared to the US which is 100. \nThe town also has many local businesses that contribute to its economy. These include Greystone Farms Produce Stand, Bear Den Crafts & Collectibles, and Yoder's Woodworking Shop. The charming small-town atmosphere makes Elk Lick an attractive destination for people looking for a peaceful lifestyle yet close enough to larger cities like Pittsburgh.
Elk Lick has an unemployment rate of 7.9%. The US average is 6.0%.
Elk Lick has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.
Tax Rates for Elk Lick
- The Sales Tax Rate for Elk Lick is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elk Lick 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 Lick
- The average income of a Elk Lick resident is $21,088 a year. The US average is $28,555 a year.
- The Median household income of a Elk Lick resident is $66,484 a year. The US average is $69,021 a year.