Elcho, WI is a small town located near the border of Wisconsin and Michigan. It has a population of around 900 people and is known for its peaceful atmosphere and strong sense of community. The cost of living is low in Elcho, with two bedroom rent averaging $810 compared to the US average of $1,430. Grocery costs are even lower in Elcho, with an index one point below the national average.
Locals can enjoy many local attractions such as Bearskin State Trail which runs along both sides of Pickerel Lake, offering a picturesque view every season; there are also multiple parks located nearby. Businesses found in Elcho include Bear Bait & Tackle, Rick's Cafe, McArthur's Market, and Northern Lights Trading Company.
Elcho has an unemployment rate of 6.2%. The US average is 6.0%.
Elcho has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Elcho
- The Sales Tax Rate for Elcho is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Elcho is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elcho
- The average income of a Elcho resident is $29,467 a year. The US average is $37,638 a year.
- The Median household income of a Elcho resident is $44,617 a year. The US average is $69,021 a year.