Elkhart, IN is a great city for cost-efficient living, with 2 bedroom rent averaging $1,040 compared to the US average of $1,430. Grocery costs are especially low in Elkhart with an index of 93 versus 100 in the US. Several local companies provide affordable and quality groceries such as Country Market on S Main Street offering great prices on produce and meats. Martin's Supermarket on Nappanee Street has a wide selection of items for all your grocery needs at competitive prices. Peddler's Village offers excellent discounts on bulk items like paper products or canned goods. With these options, Elkhart residents can enjoy quality groceries without breaking the bank.
Elkhart (zip 46514) has an unemployment rate of 3.5%. The US average is 6.0%.
Elkhart (zip 46514) 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 (zip 46514)
- The Sales Tax Rate for Elkhart (zip 46514) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkhart (zip 46514) 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 (zip 46514)
- The average income of a Elkhart (zip 46514) resident is $30,422 a year. The US average is $37,638 a year.
- The Median household income of a Elkhart (zip 46514) resident is $56,916 a year. The US average is $69,021 a year.