Elmira, NY is a small city located in Chemung County with a population of approximately 29,000. Elmira is known for its two-bedroom rental prices that are about $1,000 per month. This is much lower than the U.S. average of $1,430 per month. Additionally, Elmira has an overall Grocery Cost Index (GCI) of 95 versus the U.S. average of 100.
Elmira is home to some large and well-known companies like Ernie Davis Motors, which provides a range of automotive services and sales including automobiles, recreational vehicles, and parts; JH Cowen Co., Inc., an asphalt paving company; and Phelps Cement Products Corp., who manufacture concrete blocks for commercial and residential construction projects. There are also many smaller local businesses in Elmira including restaurants, shops, salons, small financial institutions and more.
Elmira (zip 14904) has an unemployment rate of 9.6%. The US average is 6.0%.
Elmira (zip 14904) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 9.3%, which is lower than the US average of 33.5%.
Tax Rates for Elmira (zip 14904)
- The Sales Tax Rate for Elmira (zip 14904) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Elmira (zip 14904) 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 (zip 14904)
- The average income of a Elmira (zip 14904) resident is $20,298 a year. The US average is $28,555 a year.
- The Median household income of a Elmira (zip 14904) resident is $49,963 a year. The US average is $69,021 a year.