Elmira, NY Metro Area is an affordable place to live with a 2 bedroom rent being around $1,040 compared to the US average of $1,430. Prices for groceries are also lower than the US average as the Grocery Cost Index in Elmira is 97 whereas the US index is 100. The area also boasts many local businesses such as JCC Tool Inc., Corning Inc., and Arnot Ogden Medical Center, offering a variety of employment options for residents. It is easy to see why Elmira is becoming an increasingly popular place to live for families and professionals alike.
Elmira Metro Area has an unemployment rate of 6.9%. The US average is 6.0%.
Elmira Metro Area has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 11.6%, which is lower than the US average of 33.5%.
Tax Rates for Elmira Metro Area
- The Sales Tax Rate for Elmira Metro Area is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Elmira Metro Area is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elmira Metro Area
- The average income of a Elmira Metro Area resident is $31,379 a year. The US average is $37,638 a year.
- The Median household income of a Elmira Metro Area resident is $58,175 a year. The US average is $69,021 a year.