Elkhart, IN Cost Of Living
Cost Of Living In Elkhart, IN Summary
Cost of living in Elkhart research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Elkhart is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Elkhart is 83, with 100 being the average.
The cost of living index in Elkhart is 0.8x lower than the national average.
Elkhart ranks as the #23 cheapest in Indiana out of 124.
Elkhart ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Elkhart is $100,700.
The median income in Elkhart is $43,868.
Table Of Contents
Elkhart's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Elkhart, IN?
According to the most recent data on the cost of living, Elkhart has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Indiana, Elkhart has a cost of living index that's 0.9x lower than Indiana's index of 91.
The standard of living in Elkhart ranks as #23 most affordable out of the 124 places we measured in Indiana. By definition, that implies Elkhart ranks as the #101 most expensive place in the Hoosier State.
For more reading on life in Elkhart, check out:
- Living In Elkhart
- Elkhart Crime Report
- Search Homes For Sale In Elkhart, IN
In Indiana
In America
Elkhart Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Elkhart. Here is how it fairs on each of the criteria:
The Services index in Elkhart is 90.
The Groceries index in Elkhart is 92.
The Health index in Elkhart is 109.
The Housing index in Elkhart is 55.
The Transportation index in Elkhart is 95.
The Utilities index in Elkhart is 97.
| Living Expense | Elkhart | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 83 | 91 | 100 | |
| Services | 90 | 94 | 100 | |
| Groceries | 92 | 96 | 100 | |
| Health | 109 | 101 | 100 | |
| Housing | 55 | 77 | 100 | |
| Transportation | 95 | 95 | 100 | |
| Utilities | 97 | 106 | 100 | |
Elkhart, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Elkhart is $100,700.
The Median Rent in Elkhart is $806.
The Median Income in Elkhart is $43,868.
The Home Value To Income in Elkhart is 2.3x.
The Rent To Monthly Income in Elkhart is 0.22x.
| Statistic | Elkhart | Indiana | United States |
|---|---|---|---|
| Median Home Value | $100,700 | $158,500 | $244,900 |
| Median Rent | $806 | $891 | $1,163 |
| Median Income | $43,868 | $61,944 | $69,021 |
| Home Value To Income | 2.3x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Elkhart, IN Costs By Category
Detailed Elkhart Services Costs Vs. Indiana
Detailed Elkhart Groceries Costs Vs. Indiana
Detailed Elkhart Health Costs Vs. Indiana
Detailed Elkhart Transportation Costs Vs. Indiana
Detailed Elkhart Utilities Costs Vs. Indiana
Elkhart SnackAbility
/10
Cost Of Living In Cities Around Elkhart
The cost of living varies in the cities and towns around Elkhart. Here's a quick look at the cost of living in the most populous nearby places:
Mishawaka, IN has a cost of living index of 87, 1.0x Elkhart.
Goshen, IN has a cost of living index of 87, 1.0x Elkhart.
Granger, IN has a cost of living index of 105, 1.3x Elkhart.
| City | Population | Cost Of Living | Vs. Elkhart |
|---|---|---|---|
| Mishawaka, IN | 50,823 | 87 | 1.0x |
| Goshen, IN | 34,792 | 87 | 1.0x |
| Granger, IN | 30,394 | 105 | 1.3x |
| Niles, MI | 11,929 | 84 | 1.0x |
| Nappanee, IN | 7,132 | 83 | 1.0x |
| Dunlap, IN | 7,097 | 88 | 1.1x |
