Elkhart, MO is a small town located in Missouri. It is known for its affordability, with the average two bedroom rent costing only $900 compared to the US national average of $1,430. Grocery costs are also lower than the country average, with an index of 95 compared to 100 in the US. Elkhart is home to several local businesses including Adair's Auto Repair and The Factory Outlet Furniture Store. These stores offer great deals for locals looking to save a few bucks or find quality products at a discount.
Elkhart has an unemployment rate of 4.3%. The US average is 6.0%.
Elkhart has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Elkhart
- The Sales Tax Rate for Elkhart is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Elkhart is 5.9%. 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 $26,080 a year. The US average is $28,555 a year.
- The Median household income of a Elkhart resident is $50,667 a year. The US average is $69,021 a year.