Elkhart cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexElkhartIndianaNational
Cost of living index8188100
IndexElkhartIndianaNational
Goods & Services index8895100
Groceries index9092100
Health care index9295100
Housing index5673100
Transportation index11293100
Utilities index8493100
The above illustration supplies generalized information for the Elkhart, IN cost of living index. Compared to other cities in Indiana and cities across the country, the cost of living index in Elkhart, IN is 81, which is 8% lower than the Indiana average and 19% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Elkhart, IN are 7% lower than the average for Indiana and 12% lower than the rest of the country.

Did you know?

  • The cost of living in Elkhart is 8% lower than the Indiana average.
  • The cost of living in Elkhart is 19% lower than the national average.
  • The cost of housing in Elkhart is 44% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Compare Elkhart, IN Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Elkhart, IN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Elkhart, IN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Elkhart, IN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$42,830$3,569$999$1,285
Renters$27,529$2,294$642$826
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Elkhart, IN, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Elkhart, IN has a median income of about $42,830 for people who own homes. Based on that number, a person should spend a maximum of $999 on expenses related to housing. Renters have a slightly different median income, which is $27,529. Based on this average, renters should spend no more than $642 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
When considering the overall cost of living expenses in Elkhart, IN, it's important to take into account the sales tax for Indiana, as well as the rate for income tax in Indiana. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Indiana is 7%, and the sales tax in the state of Indiana is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Indiana starts from 3.3% and goes up to 3.3%.

Goods & Services

ItemElkhartNational avg.Difference
Haircut $16.50$14.5913.1%
Beauty Salon $29.00$34.6816.4%
Toothpaste $2.03$2.4717.9%
Shampoo $0.88$1.0213.9%
Movie $8.15$9.8717.4%
Bowling $3.31$4.3924.6%

Groceries

ItemElkhartNational avg.Difference
Ground Beef $4.39$4.481.9%
Fried Chicken $1.54$1.465.2%
Milk $1.95$2.3617.3%
Potatoes $2.68$3.0612.5%
Pizza $8.99$9.242.7%
Beer $8.45$8.632.1%

Health Care

ItemElkhartNational avg.Difference
Optometrist $104.33$99.784.6%
Doctor $108.67$105.033.5%
Dentist $81.00$88.708.7%
Ibuprofen $8.24$9.4112.5%
Lipitor $229.33$298.5023.2%

Housing

ItemElkhartNational avg.Difference
Home Price $84,100.00$175,700.0052.1%
Avg. Mortgage Payment $883.48$1,081.0318.3%
Apartment Rent $684.00$920.0025.7%

Transportation

ItemElkhartNational avg.Difference
Gasoline $2.61$2.0924.9%
Tire Balancing $34.00$45.2924.9%

Utilities

ItemElkhartNational avg.Difference
All Electricity$137.40$170.8019.6%
Phone $25.01$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Niles, MI11,47979-21%
Edwardsburg, MI1,23280-20%
Millersburg, IN1,02281-19%
Roseland, IN56081-19%
Mishawaka, IN48,12082-18%
Elkhart, IN51,53981-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West New York, NJ51,51114747%
Milford, CT51,50913535%
Irondequoit, NY51,59495-5%
Rowland Heights, CA51,59714848%
Aspen Hill, MD51,60313131%
Elkhart, IN51,53981-19%
Source: The Elkhart, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.