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.