Zip 98541 (Elma, WA) Economy


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98541 Elma, WA is a quiet and peaceful town that offers a relaxed lifestyle. The average 2 bedroom rent in the area is $1,040 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Elma is 99 versus 100 in the US. Local businesses in Elma include Elma Family Restaurant, Westside Garage & Towing, and Walker's Market. These establishments offer residents convenient options for dining out, vehicle maintenance and repair services, and grocery shopping respectively.

Elma (zip 98541) has an unemployment rate of 8.8%. The US average is 6.0%.

Elma (zip 98541) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Elma (zip 98541)
- The Sales Tax Rate for Elma (zip 98541) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Elma (zip 98541) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Elma (zip 98541)
- The average income of a Elma (zip 98541) resident is $29,203 a year. The US average is $37,638 a year.
- The Median household income of a Elma (zip 98541) resident is $57,378 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElma, WashingtonUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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