Elbert, CO County is a great place to live. With an average two bedroom rent of $1,860, it's a little higher than the US average of $1,430; however, the cost of living is relatively low with a Grocery Cost Index of 100. Many local businesses are located in Elbert. Among them include Elbert Community Bank, a family-run business that provides excellent customer service and competitive rates; Rocky Top Brewery & Restaurant which offers craft beer and homemade comfort food; and Smith’s Grocery Store which has affordable prices on fresh ingredients for cooking at home. Elbert also has a great library system and plenty of outdoor activities perfect for families or those seeking adventure. Reference: https://www.elbertonetwork.com/businesses
Elbert County has an unemployment rate of 4.8%. The US average is 6.0%.
Elbert County has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 50.8%, which is higher than the US average of 33.5%.
Tax Rates for Elbert County
- The Sales Tax Rate for Elbert County is 3.9%. The US average is 7.3%.
- The Income Tax Rate for Elbert County is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elbert County
- The average income of a Elbert County resident is $50,147 a year. The US average is $37,638 a year.
- The Median household income of a Elbert County resident is $114,904 a year. The US average is $69,021 a year.