Elkhart, IN, is a city in Elkhart County with a population of approximately 50,000 people. It is known for its low cost of living and affordable rent prices compared to national averages - for example 2 bedroom rent in Elkhart is around $880 while the US average is $1,430. Additionally, the Grocery Cost Index in Elkhart is 92 versus 100 in the US. \nFor those looking to call Elkhart home, there are plenty of local businesses to work for or frequent. Notable ones include Thor Industries Inc., Lippert Components Inc., Michiana Global Mold Inc., Miles Laboratories Inc., Monaco Coach Corporation and PrimeCo Manufacturing LLC. There are also several locally-owned shops and restaurants that create a vibrant atmosphere for residents.
Elkhart (zip 46517) has an unemployment rate of 3.5%. The US average is 6.0%.
Elkhart (zip 46517) 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 (zip 46517)
- The Sales Tax Rate for Elkhart (zip 46517) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elkhart (zip 46517) 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 46517)
- The average income of a Elkhart (zip 46517) resident is $19,234 a year. The US average is $28,555 a year.
- The Median household income of a Elkhart (zip 46517) resident is $53,331 a year. The US average is $69,021 a year.