Elk Mountain, Wyoming is a small town with a population of just under 200 people. Despite its small size, Elk Mountain has everything a family needs to live comfortably. The average rent for a two bedroom home is $890, significantly lower than the national average of $1,430. Other costs of living in Elk Mountain are also more affordable than other parts of the country; in fact, the Grocery Cost Index is virtually equal to that of the United States overall.
The town is home to several local businesses such as the Elk Mountain Wagon Company, which specializes in custom wagons and buggies. There's also Fisherman's Bait and Tackle Shop, which offers all your fishing needs and supplies. For those looking for a longer stay there's Elk Mountain Lodge, which provides lodging and hospitality services in an idyllic setting. All these businesses make Elk Mountain a great place to live for those looking for an affordable lifestyle with plenty of recreation options nearby.
Elk Mountain has an unemployment rate of 5.1%. The US average is 6.0%.
Elk Mountain 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 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Elk Mountain
- The Sales Tax Rate for Elk Mountain is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elk Mountain 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 Elk Mountain
- The average income of a Elk Mountain resident is $31,966 a year. The US average is $28,555 a year.
- The Median household income of a Elk Mountain resident is $58,077 a year. The US average is $69,021 a year.