Elma, WA is a small city located in the state of Washington. It is known for being one of the most affordable cities in the area as evidenced by the fact that two bedroom rent averages at $1,080 which is significantly lower than the national average of $1,430. Additionally, grocery cost index in Elma, WA is 99 versus 100 in the US further reinforcing its affordability.
Elma, WA offers a variety of businesses and services that cater to both locals and visitors alike. Notable local companies include Elma Wood Works specializing in custom woodworking, A & M Records offering new and used vinyl records, Chocolaty Treats bakery providing delicious desserts, Two Rivers Books selling used books and comics, and Don's Tires providing automotive tire services. All these businesses provide excellent products and services to their customers while contributing to Elma's lively economy.
Elma has an unemployment rate of 8.8%. The US average is 6.0%.
Elma has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Elma
- The Sales Tax Rate for Elma is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Elma 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 Elma
- The average income of a Elma resident is $18,114 a year. The US average is $28,555 a year.
- The Median household income of a Elma resident is $69,405 a year. The US average is $69,021 a year.