Counties › Indiana

Cost of Living in Elkhart County, IN

Population 207,132 · Census ACS 2020–2024 5-year estimates

Median rent$1,047
Median home value$210,400
Median household income$68,561

The median rent in Elkhart County, IN is $1,047/month, about the same as the Indiana median and 26% lower than the U.S. median. The median home value is $210,400, 37% lower than the national median. Households earn a median of $68,561 a year, 5% lower than the state median.

Affordability

Rent as a share of median income: 18.3%
Income needed for median rent (30% rule): $41,880/yr
Home price-to-income ratio: 3.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,064/mo

Run your own numbers: mortgage calculator · hourly to salary

Elkhart County vs. Indiana vs. U.S.

Elkhart CountyIndianaU.S.
Median rent$1,047$1,062$1,413
Median home value$210,400$218,200$332,700
Median household income$68,561$71,957$80,734
Homeownership rate71.6%70.6%65.2%
Bachelor's degree or higher20.1%29.5%35.7%
Poverty rate12.4%12.3%12.5%
Unemployment rate3.6%4.3%5.2%
Work from home5.1%10.7%15.1%
Median age35.638.138.9

FAQ

What is the average rent in Elkhart County, IN?

The median gross rent in Elkhart County, IN is $1,047 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Elkhart County, IN?

Using the common 30% rule, renting a median-priced home takes about $41,880 a year in gross income.

Is Elkhart County, IN expensive to live in?

Rent there is 26% lower than the U.S. median, and the median home costs about 3.1 times the median household income.

Other counties in Indiana

Marion County, INRent $1,153 · Income $66,346Lake County, INRent $1,131 · Income $71,493Allen County, INRent $1,021 · Income $70,737Hamilton County, INRent $1,574 · Income $121,530St. Joseph County, INRent $1,062 · Income $66,868Tippecanoe County, INRent $1,124 · Income $60,636

Counties with a similar cost of living

Liberty County, TXRent $1,044 · Income $68,703Beltrami County, MNRent $1,053 · Income $68,975Rabun County, GARent $1,047 · Income $67,493Bedford County, TNRent $1,051 · Income $67,225Wharton County, TXRent $1,046 · Income $66,924Lafayette Parish, LARent $1,057 · Income $67,451

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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