46516 Elkhart, IN is a great place to live with a desirable cost of living compared to the US. The average rental price for a two-bedroom home is $930 compared to the nationwide rate of $1,430. You can easily find affordable groceries at local stores like Fresh Market or Goodwill Grocery as well as other supermarkets around town. The Grocery Cost Index for 46516 Elkhart, IN is 91 compared to an index of 100 in the US. Other businesses located in the area include Meijer’s, Walmart, Home Depot and Cressy Door Company. It’s easy to find what you need in 46516 Elkhart, IN with these great local businesses!
Elkhart (zip 46516) has an unemployment rate of 3.5%. The US average is 6.0%.
Elkhart (zip 46516) 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 46516)
- The Sales Tax Rate for Elkhart (zip 46516) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkhart (zip 46516) 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 46516)
- The average income of a Elkhart (zip 46516) resident is $25,681 a year. The US average is $37,638 a year.
- The Median household income of a Elkhart (zip 46516) resident is $50,080 a year. The US average is $69,021 a year.