Housing costs in Elkhart?
A typical home costs
$206,600, which is 38.9% less expensive than the national average of
$338,100 and 6.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Elkhart costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford Elkhart?
To live comfortably in Elkhart (zip 46514), Indiana, a minimum annual income of
$39,600 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Elkhart?
The cost of living in Elkhart, IN is quite affordable. The median home price is around $107,000, which is significantly lower than the national average. Utilities are also reasonable as the average monthly electric bill is around $97 and natural gas averages about $64 per month. In terms of food and groceries, the city offers some of the lowest prices in the state with an average cost that’s just over 10 percent lower than the national average. Finally, Elkhart residents will enjoy a low 9 percent sales tax rate on their purchases. With its low costs of living, 46514 Elkhart proves to be an attractive destination for those looking for a great quality of life at an affordable price.