Elbert, TX is a small yet vibrant community located in Texas. It is an attractive destination for many due to its affordable cost of living. For example, the average 2-bedroom rent in Elbert is only $820 compared to the US rate of $1,430. Additionally, the Grocery Cost Index in Elbert stands at 90 versus 100 nationally. This means that groceries are significantly cheaper in Elbert than anywhere else in the US. Aside from being inexpensive, there are also plenty of local businesses that make Elbert an attractive place to live and work. Notable companies include The Watermill Center, Hartley's Ranch Land & Livestock Company, and The Equestrian Store. With its low cost of living and variety of local businesses, Elbert can be a great destination for people looking to start anew or looking to save money while maintaining a nice quality of life.
Elbert has an unemployment rate of 5.8%. The US average is 6.0%.
Elbert has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 0.4%, which is lower than the US average of 33.5%.
Tax Rates for Elbert
- The Sales Tax Rate for Elbert is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Elbert 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 Elbert
- The average income of a Elbert resident is $38,325 a year. The US average is $37,638 a year.
- The Median household income of a Elbert resident is $0 a year. The US average is $69,021 a year.