Housing costs in Elkhart?
A typical home costs
$150,900, which is 55.4% less expensive than the national average of
$338,100 and 31.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Elkhart costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 5.4% cheaper than the state average of
$980.
Can I afford Elkhart?
To live comfortably in Elkhart (zip 46516), Indiana, a minimum annual income of
$28,800 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Elkhart?
The cost of living in 46516 Elkhart, IN is quite affordable. The median home value is $105,900 which is 13% lower than the national average. The median rental price for a two bedroom apartment is $735 per month which is 28% lower than the national average. Additionally, the grocery index is 8% lower and the transportation index is 10% lower than the national average. Therefore, residents of Elkhart are able to enjoy a comfortable lifestyle without paying high prices for basic needs like housing and food.