Elk River, ID is a small city with an affordable cost of living. The average rent for a 2 bedroom apartment is $910, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Elk River is 96 compared to 100 in the US. This low cost of living creates great value for residents and potential newcomers.
Elk River offers plenty of amenities such as local shops, restaurants offering delicious cuisines from around the world, and recreational activities like hiking and skiing. Popular businesses include Basin Creek Cafe, Boots & Spurs Antiques, and Osprey Point Golf Course — just to name a few!
For those who want to move away from larger cities but still need access to services that larger cities provide, Elk River provides a perfect balance between urban comforts and rural charm. With its picturesque landscape and enjoyable climate throughout the year combined with its low cost of living makes Elk River an ideal place to call home.
Elk River has an unemployment rate of 8.4%. The US average is 6.0%.
Elk River has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Elk River
- The Sales Tax Rate for Elk River is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elk River is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing ºÚÁÏÉçÇø.
Income and Salaries for Elk River
- The average income of a Elk River resident is $30,662 a year. The US average is $37,638 a year.
- The Median household income of a Elk River resident is $41,250 a year. The US average is $69,021 a year.