68937 Elwood, NE is an excellent place to live with its many amenities and affordable cost of living. 2 bedroom rent in the area is $850 compared to the US average of $1,430 per month, making it a great option for those on a budget. On top of that, the Grocery Cost Index for Elwood is 97 compared to 100 in the country, indicating it is not only relatively inexpensive but also has plenty of local options available. Local businesses provide plenty of employment opportunities as well as goods and services needed by residents. Some of the local companies in the area are Elwood Livestock Co., Spieker Tiling Incorporated, and Miller Auto Service Center. With its low cost of living and plethora of businesses, 68937 Elwood offers a great quality of life.
Elwood (zip 68937) has an unemployment rate of 1.9%. The US average is 6.0%.
Elwood (zip 68937) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Elwood (zip 68937)
- The Sales Tax Rate for Elwood (zip 68937) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Elwood (zip 68937) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elwood (zip 68937)
- The average income of a Elwood (zip 68937) resident is $28,882 a year. The US average is $28,555 a year.
- The Median household income of a Elwood (zip 68937) resident is $68,015 a year. The US average is $69,021 a year.