Elkhart, IN is a thriving city known for its rich history, diverse economy, and friendly people. It is home to many large companies such as Lippert Components Inc., Forest River Inc., and Thor Industries Inc. Elkhart also has a number of unique attractions such as the Lerner Theater, which showcases Broadway-caliber productions, the National New York Central Railroad Museum, which celebrates Elkhart's past as a railroad hub, and the RV/MH Hall Of Fame & Museum, dedicated to preserving the history of recreational vehicles and manufactured homes. With an average two-bedroom rent of $980 compared to $1,430 in the US and a grocery cost index of 92 versus 100 in the US overall Elkhart offers great value along with its lifestyle amenities.
Elkhart has an unemployment rate of 4.8%. The US average is 6.0%.
Elkhart has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 52.1%, which is higher than the US average of 33.5%.
Tax Rates for Elkhart
- The Sales Tax Rate for Elkhart is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkhart is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elkhart
- The average income of a Elkhart resident is $23,361 a year. The US average is $37,638 a year.
- The Median household income of a Elkhart resident is $43,868 a year. The US average is $69,021 a year.