Zip 26241 (Elkins, WV) Economy


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26241 Elkins, WV is a great place to live and offers a high quality of life. The 2 bedroom rent here is only $750 which is significantly lower than the US average of $1,430. The grocery cost index in Elkins is 98 versus the US average of 100, making it a very affordable place to live. There are several local companies in the area such as Davis Health System, Intermountain Gas Company, Potomac Appalachian Trail Club, and Snowshoe Mountain Ski Resort. Each of these companies offers a cost of living index that makes Elkins an attractive place to live and invest in for its residents.

Elkins (zip 26241) has an unemployment rate of 7.1%. The US average is 6.0%.

Elkins (zip 26241) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Elkins (zip 26241)
- The Sales Tax Rate for Elkins (zip 26241) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elkins (zip 26241) 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 Elkins (zip 26241)
- The average income of a Elkins (zip 26241) resident is $21,964 a year. The US average is $28,555 a year.
- The Median household income of a Elkins (zip 26241) resident is $43,456 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElkins, West VirginiaUnited States
  7.16
  -3.9%-6.2%
  30.1%33.5%
  7.0%6.2%
  6.0%4.6%
  $25,715$37,638
  $43,456$69,021
  $66,067$85,028
  Population by Occupation
  0.5%1.2%
  1.7%0.5%
  7.9%6.8%
  7.3%10.0%
  0.8%2.5%
  13.0%11.0%
  4.7%4.8%
  2.2%0.8%
  0.8%1.9%
  4.1%4.7%
  2.1%1.9%
  1.4%7.6%
  0.0%0.1%
  3.7%4.2%
  9.8%9.3%
  19.6%14.0%
  2.3%2.1%
  7.7%7.0%
  3.1%4.8%
  7.3%4.7%
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