Elma, NY is a small suburban town located in Erie County with a population of 14059 people. In terms of rent, Elma has an average 2 bedroom rent of $1,310 which is more affordable than the US 2 bedroom rent of $1,430. In addition to this, grocery costs are slightly more expensive in Elma with a cost index of 105 versus 100 in the US. \nElma has many businesses including Bova Enterprises Inc., Elma Veterinary Hospital LLC., and A&T Automotive Repair Inc. that contribute to its local economy. These companies offer services such as auto repair, veterinary care, and general contracting that provide a boost to the local economy while creating job opportunities for those living in Elma. Additionally, Elma is home to several restaurants such as Big Tree Inn and Jake's Pizza that give visitors and locals alike places to enjoy good food while engaging in commerce within the community. All these local businesses make up part of what makes Elma such a great place to live work and play!
Elma (zip 14059) has an unemployment rate of 7.2%. The US average is 6.0%.
Elma (zip 14059) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Elma (zip 14059)
- The Sales Tax Rate for Elma (zip 14059) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Elma (zip 14059) 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 Elma (zip 14059)
- The average income of a Elma (zip 14059) resident is $34,260 a year. The US average is $28,555 a year.
- The Median household income of a Elma (zip 14059) resident is $70,596 a year. The US average is $69,021 a year.