Elk County, KS Economy


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United States / Kansas / No Metro Area / Elk County / Cities / Zip Codes
Elk KS County is a great place to live for those looking for a combination of rural living with access to modern amenities. The county is home to several local businesses including Elk County Electric Cooperative, Medicine Valley Bank, and North Central Kansas Technical College. The cost of living in the county is below the national average, with rent for two bedrooms costing only $790 compared to the national average of $1,430 and groceries costing 91 against the US index of 100. This makes it an excellent choice for those looking for an affordable lifestyle in a charming rural area.

Elk County has an unemployment rate of 3.8%. The US average is 6.0%.

Elk County has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 11.1%, which is lower than the US average of 33.5%.

Tax Rates for Elk County
- The Sales Tax Rate for Elk County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Elk County is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Elk County
- The average income of a Elk County resident is $21,693 a year. The US average is $28,555 a year.
- The Median household income of a Elk County resident is $45,660 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElk, KansasUnited States
  3.86
  0.2%-6.2%
  11.1%33.5%
  7.5%6.2%
  5.7%4.6%
  $24,882$37,638
  $45,660$69,021
  $62,188$85,028
  Population by Occupation
  5.6%1.2%
  6.2%0.5%
  5.0%6.8%
  7.7%10.0%
  1.6%2.5%
  6.9%11.0%
  2.8%4.8%
  1.4%0.8%
  0.9%1.9%
  3.6%4.7%
  0.1%1.9%
  3.0%7.6%
  0.0%0.1%
  3.1%4.2%
  14.9%9.3%
  15.4%14.0%
  0.8%2.1%
  6.7%7.0%
  6.5%4.8%
  7.7%4.7%
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