Elkhart, Illinois (62634) is a small city located in the Peoria metropolitan area. The city has a population of just over 1,000 and has numerous local businesses that serve the community. The median 2 bedroom rent in Elkhart is $830, which is significantly lower than the national average of $1,430. Additionally, Elkhart has a Grocery Cost Index of 92 compared to the US rate of 100. Local businesses include Kruse's Family Market & Bakery, Mimi's Drive-In restaurant, DeBates Stables and Arena where horseback riding lessons are offered and Bingo Barn game store. For those interested in exploring nature there is also Elmwood Park with walking paths and lakeside views.
Elkhart (zip 62634) has an unemployment rate of 5.2%. The US average is 6.0%.
Elkhart (zip 62634) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Elkhart (zip 62634)
- The Sales Tax Rate for Elkhart (zip 62634) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Elkhart (zip 62634) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elkhart (zip 62634)
- The average income of a Elkhart (zip 62634) resident is $37,818 a year. The US average is $37,638 a year.
- The Median household income of a Elkhart (zip 62634) resident is $71,563 a year. The US average is $69,021 a year.