The small town of Elk River, Idaho (83827) is a great place to live for those looking for an affordable cost of living. The average 2 bedroom rent in Elk River is $910 per month, compared to the US average of $1,430 per month. The Grocery Cost Index in Elk River is also 96 compared to 100 in the US, making this a very budget-friendly option for people looking to save money.
There are several local businesses operating in Elk River, including Brown's Auto Repair and Sales, Bitterroot Natural Meats, Bigwood Logging Company and Valley Lumber & Supply Company. Elk River residents can also visit nearby stores such as Jet Rental & Hardware Store and the Elk River Trading Post. With so many local businesses providing essential services and goods to the community at an affordable price, it is no wonder that people flock to this small rural town with its attractive cost of living.
Elk River (zip 83827) has an unemployment rate of 8.4%. The US average is 6.0%.
Elk River (zip 83827) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Elk River (zip 83827)
- The Sales Tax Rate for Elk River (zip 83827) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elk River (zip 83827) is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elk River (zip 83827)
- The average income of a Elk River (zip 83827) resident is $21,526 a year. The US average is $28,555 a year.
- The Median household income of a Elk River (zip 83827) resident is $38,750 a year. The US average is $69,021 a year.