Elkhart, IN County is a great place to live with its low cost of living. The average 2 bedroom rent in Elkhart is $990, which is significantly lower than the US average of $1,430. Grocery costs are also cheaper in Elkhart, with an index score of 94 compared to 100 for the US. Because of these economic benefits, several companies have established offices in Elkhart such as Horizon Bank, South Bend Chocolate Company, and Alpha Technologies Incorporated. Residents can enjoy a high quality of life and save money by living in Elkhart.
Elkhart County has an unemployment rate of 3.5%. The US average is 6.0%.
Elkhart County 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 53.7%, which is higher than the US average of 33.5%.
Tax Rates for Elkhart County
- The Sales Tax Rate for Elkhart County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkhart County 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 County
- The average income of a Elkhart County resident is $28,194 a year. The US average is $37,638 a year.
- The Median household income of a Elkhart County resident is $61,182 a year. The US average is $69,021 a year.