Elm City, NC is a vibrant city with a population of roughly 2,782. It is an ideal place to live as the cost of living is lower than the national average. The median rent for a two-bedroom apartment in Elm City is $880 while it is $1,430 across the United States. Similarly, when accounting for the grocery cost index in Elm City, which stands at 95 compared to 100 in the US on average, residents can save even more money. There are many local businesses located throughout Elm City offering goods and services at competitive prices such as Smiths Grocery Store, Oakwood Cafe and Wilsons Automotive Repair Shop. With its affordable cost of living and diverse range of businesses, Elm City provides an excellent quality for life for its citizens.
Elm City (zip 27822) has an unemployment rate of 6.2%. The US average is 6.0%.
Elm City (zip 27822) 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 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Elm City (zip 27822)
- The Sales Tax Rate for Elm City (zip 27822) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elm City (zip 27822) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elm City (zip 27822)
- The average income of a Elm City (zip 27822) resident is $27,262 a year. The US average is $37,638 a year.
- The Median household income of a Elm City (zip 27822) resident is $52,294 a year. The US average is $69,021 a year.