Elkhart County · Indiana · Midwest · 54k residents
Elkhart, IN: economy, jobs & business costs
The site-selection read on Elkhart: labor costs, talent, corporate tax, energy, and business activity, with the Indiana median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,264/wk. Indiana's corporate income tax rate is 4.9%. Commercial electricity averages 12.4¢/kWh.
Compare Elkhart side by side
Avg. weekly wage
$1,264/wk
Corporate income tax
4.9%
Bachelor's degree or higher
17.7%
Commercial electricity
12.4¢/kWh
Economic momentum
How fast Elkhart's economy is moving, ranked against the US cities we track.
58/100
Steady
Ranks Elkhart's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $139,500 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $842/mo |
| 2-bedroom rent | $983/mo |
| State & local income tax | 4.75% |
| Sales tax | 7% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,264/wk |
| Bachelor's degree or higher | 17.7% |
| Commercial electricity | 12.4¢/kWh |
| Businesses per 1k residents | 26.0/1k |
| Wage: Software developer | $101,710 |
| Wage: Registered nurse | $88,100 |
| Wage: General manager | $122,070 |
| Wage: Customer service | $48,000 |
| Wage: Warehouse worker | $35,460 |
| Wage: Heavy truck driver | $58,100 |
| Wage: Electrician | $58,640 |
| Wage: Retail salesperson | $33,360 |
| Cost of living index | 76 |
| Groceries index | 95 |
| Utilities | $165/mo |
| Transit pass | $60/mo |
| Gas price | $3.20/gal |
| Healthcare index | 95 |
| Childcare (per child) | $900/mo |
| Median household income | $51,028 |
| Unemployment rate | 3.6% |
| Population | 54k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 34/100 |
| Disaster risk | 84/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 83°F |
| January low | 18°F |
| Annual snowfall | 45 in |
| Home price YoY | +5.5% |
| Home price MoM | +0.3% |
| Rent YoY | +5.5% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | -0.1% |
| Building permits YoY | +91.2% |
| Ocean coast | 610 mi |
| Big lake | 38 mi |
| Mountains | 382 mi |
| Major airport | 84 mi |
| Ski resort | 185 mi |
Popular comparisons
Nearby
- Granger, IN · 30k
- Mishawaka, IN · 51k
- Goshen, IN · 34k
- South Bend, IN · 103k
- Warsaw, IN · 17k
Similar size
- Westfield, IN · 55k
- Anderson, IN · 55k
- Columbus, IN · 52k
- Jeffersonville, IN · 51k
- Lawrence, IN · 50k
Real listings in Elkhart
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Elkhart a good place to run a business?
- Indiana's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,264/wk; commercial electricity averages 12.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Elkhart, IN?
- Elkhart indexes at 76 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $983/mo and a acs median home value of $139,500.
- How much does a house cost in Elkhart?
- The acs median home value in Elkhart is $139,500 (Census ACS estimate; individual listings vary).
- How much is rent in Elkhart?
- A two-bedroom in Elkhart rents for about $983/mo.