The Elkhart-Goshen, IN Metro Area is a great place to call home due to its affordable rent and lower cost of living. The area has an average two bedroom rent of $990 compared to the US national average of $1,430, making it significantly more affordable than many other metropolitan areas. Additionally, the Grocery Cost Index in Elkhart-Goshen is 94 compared to 100 in the US, providing yet another way for people to save money while living there. Local businesses in the area are varied and plentiful, with some of the largest being Lippert Components Inc., Goshen Brewing Company, Beam Inc., and Fleetwood RV.
Elkhart-Goshen Metro Area has an unemployment rate of 3.5%. The US average is 6.0%.
Elkhart-Goshen Metro Area has seen the job market increase by 5.2% 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-Goshen Metro Area
- The Sales Tax Rate for Elkhart-Goshen Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkhart-Goshen Metro Area 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-Goshen Metro Area
- The average income of a Elkhart-Goshen Metro Area resident is $21,403 a year. The US average is $28,555 a year.
- The Median household income of a Elkhart-Goshen Metro Area resident is $61,182 a year. The US average is $69,021 a year.