Housing costs in Elkhart?
A typical home costs
$197,000, which is 41.7% less expensive than the national average of
$338,100 and 11.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Elkhart costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 11.4% cheaper than the state average of
$980.
Can I afford Elkhart?
To live comfortably in Elkhart (zip 46517), Indiana, a minimum annual income of
$37,800 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Elkhart?
The cost of living in 46517 Elkhart, IN is quite reasonable compared to other cities. According to the Cost of Living Index, the overall cost of living is 8% lower than the United States average. Housing prices are also quite affordable, with a median home price of $127,100. Other expenses such as groceries, transportation, and utilities are also lower than the national average. Overall Elkhart is a great location for those looking to save money while still enjoying all the amenities and attractions that this vibrant city offers.