Elkhart-Goshen Metro Area, IN Cost of Living


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United States / Indiana / Elkhart-Goshen Metro Area / Counties / Cities / Zip Codes
How much do I need to live in Elkhart-Goshen, Indiana?
$3,450 / month
for a family, 36.1% less expensive than the national average A total of $41,400 for the year for a family.
$2,567 / month
for a single person, 46.2% less expensive than the national average A total of $30,800 for the year for a single person.

Elkhart-Goshen cost of living score
82.7
Less expensive
17.3% lower
than the US average
1.2% lower
than the Indiana average
Elkhart-Goshen Indi Metro Area, Indiana gets a BestPlaces Cost of Living score of 82.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.3% lower than the U.S. average and 1.2% higher than the average for Indiana.

Elkhart-Goshen Metro Area, IN

Housing costs in Elkhart-Goshen?
A typical home costs $215,500, which is 36.3% less expensive than the national average of $338,100 and 2.8% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Elkhart-Goshen costs $990 per month, which is 30.8% cheaper than the national average of $1,430 and close to the state average of $980.

Can I afford Elkhart-Goshen?
To live comfortably in Elkhart-Goshen Indi Metro Area, Indiana, a minimum annual income of $41,400 for a family, and $30,800 for a single person is recommended.

What does A.I. say about Elkhart-Goshen?
The cost of living in Elkhart-Goshen, IN Metro Area is much lower than the national average. At 82.7 on the index, it is 17.3 points below the US average of 100. This relatively low cost of living makes housing more affordable in Elkhart-Goshen, with the median house value being $215500 - significantly lower than the national average of $338100. Therefore, those looking to buy a home in this area can benefit from these lower costs and enjoy a higher quality of life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesElkhart-GoshenIndianaUnited States
    Unlock83.7100.0
  93.8  Unlock100.0
    Unlock94.4100.0
  67.8  Unlock100.0
    Unlock$221,600$338,100
  92.7  Unlock100.0
    Unlock85.4100.0
  88.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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