Elkhart, TX is an affordable city located south of Dallas with a population of just over 1,500 people. It offers excellent housing options at low prices; the average two-bedroom rent in Elkhart is only $910 compared to the US average of $1,430. The cost of living for grocery items is also lower than the national average. Local businesses include Elkhart General Store, The Feed Store Grocery, and G&S Tire and Automotive Repair. These companies provide essential goods and services for residents in and around the city. Additionally, there are many other small businesses that contribute to the local economy.
Elkhart has an unemployment rate of 6.2%. The US average is 6.0%.
Elkhart has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Elkhart
- The Sales Tax Rate for Elkhart is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elkhart is 0.0%. 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 $17,404 a year. The US average is $28,555 a year.
- The Median household income of a Elkhart resident is $49,032 a year. The US average is $69,021 a year.