Cost of Living in Elkhart, IN
Population: 53,726 • 2026 Data
$47,885
Median Household Income
-38% vs national
$981
Median Monthly Rent
-27% vs national
$126,900
Median Home Value
-63% vs national
3.5%
Unemployment Rate
Housing in Elkhart
The median home value in Elkhart, IN is $126,900. Monthly rent for a typical unit averages $981, while total monthly housing costs (including utilities and insurance) average $896.
Rent-to-income ratio: 24.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Elkhart, IN is $47,885. The unemployment rate stands at 3.5%, with a labor force of 25,730 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.