Elgin, Iowa (52141) is a small town located in Fayette County. It has an estimated population of 708 people. The average 2 bedroom rent in Elgin is $780 per month, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Elgin is 93 versus 100 in the US. There are many local businesses that make Elgin a great place to live including Ace Hardware Store, P&S Carpet Cleaning & Restoration Services, Elgin Inn Bar & Grill, and K&K Lumber Company. With its low cost of living and access to essential amenities like grocery stores and restaurants, Elgin is an attractive place for those looking for an affordable place to call home.
Elgin (zip 52141) has an unemployment rate of 5.1%. The US average is 6.0%.
Elgin (zip 52141) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Elgin (zip 52141)
- The Sales Tax Rate for Elgin (zip 52141) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elgin (zip 52141) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elgin (zip 52141)
- The average income of a Elgin (zip 52141) resident is $30,272 a year. The US average is $37,638 a year.
- The Median household income of a Elgin (zip 52141) resident is $58,229 a year. The US average is $69,021 a year.