Goshen, IN Economy


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Goshen, IN is a beautiful city located in Elkhart County. It is known for its thriving downtown area and many attractions. It is home to a number of companies such as Cressy & Everett Real Estate, Goshen College, Maple City Health Care Center and Lippert Components, Inc. The city also offers plenty of activities to do such as the historic Goshen Theater, the Elkhart County Fairgrounds, and the Maxwelton Golf Club. The cost of living is quite reasonable with average 2 bedroom rental prices at $970 compared to the US average of $1,430. Additionally, Grocery Cost Index in Goshen is 94 which is lower than the US index at 100. With so much to offer it's no wonder that many people are drawn to this wonderful city!

Goshen has an unemployment rate of 3.3%. The US average is 6.0%.

Goshen has seen the job market increase by 5.2% over the last year. Future job growth over the next ten years is predicted to be 53.9%, which is higher than the US average of 33.5%.

Tax Rates for Goshen
- The Sales Tax Rate for Goshen is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Goshen is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Goshen
- The average income of a Goshen resident is $18,811 a year. The US average is $28,555 a year.
- The Median household income of a Goshen resident is $52,215 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGoshen, IndianaUnited States
  3.36
  -6.5%-6.2%
  53.9%33.5%
  7.0%6.2%
  5.2%4.6%
  $24,381$37,638
  $52,215$69,021
  $63,927$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  5.8%6.8%
  27.5%10.0%
  1.8%2.5%
  9.8%11.0%
  3.3%4.8%
  0.1%0.8%
  1.8%1.9%
  2.9%4.7%
  1.0%1.9%
  3.3%7.6%
  0.4%0.1%
  2.5%4.2%
  8.5%9.3%
  13.6%14.0%
  1.4%2.1%
  8.3%7.0%
  7.0%4.8%
  0.8%4.7%
Reviews for Goshen
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Over 15 years ago

Long dark cold windy winters and hot humid summers. Though this spring was pleasant in previous years spring seemed to last only a few weeks before summer is upon us.   More

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Over 16 years ago

Long dark winters and 15 hours of sunlight in the summer  More

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Over 16 years ago

When it comes to the weather in Goshen, it is hit or miss. When it calls for rain or snow the weathermen are right about 25% of the time. Of course, they did predict  More

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