Cost Of Living in Elkhart, IA

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Elkhart	Iowa	National
Cost of living	90	90	100
Goods & Services	95	96	100
Groceries	99	97	100
Health care	94	99	100
Housing	79	73	100
Transportation	91	98	100
Utilities	87	96	100

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Cost Of Living Quick Facts

The cost of living in Elkhart is equal to the Iowa average
The cost of living in Elkhart is 10% lower than the national average
Elkhart housing is 21% lower than the national average
Iowa general sales tax is 18% higher than the national average
Iowa state income tax is 69% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$76,875	$6,406	$1,794	$2,306
Renters	$41,500	$3,458	$968	$1,245

Iowa Sales Tax

State	General Sales Tax	With Max Surtax
Iowa	6%	7%

Iowa Income Tax

State	Income Tax (Low)	Income Tax (High)
Iowa	4.4%	6%

Goods & Services

Item	Elkhart	National avg.	Difference
Haircut	$20.63	$24.26	15.0%
Beauty Salon	$41.00	$45.56	10.0%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.35	$1.28	5.6%
Movie	$11.17	$12.13	7.9%
Bowling	$20.87	$18.00	15.9%

Groceries

Item	Elkhart	National avg.	Difference
Ground Beef	$6.36	$5.84	8.9%
Fried Chicken	$1.38	$1.57	12.6%
Milk	$4.82	$4.67	3.2%
Potatoes	$4.81	$4.93	2.6%
Pizza	$11.84	$12.09	2.0%
Beer	$9.82	$10.41	5.7%

Health Care

Item	Elkhart	National avg.	Difference
Optometrist	$125.17	$125.68	0.4%
Doctor	$129.05	$135.78	5.0%
Dentist	$96.60	$113.29	14.7%
Ibuprofen	$10.88	$10.65	2.1%
Lipitor	$495.45	$468.60	5.7%

Housing

Item	Elkhart	National avg.	Difference
Home Price	$160,700.00	$184,700.00	13.0%
Avg. Mortgage Payment	$1,877.36	$2,346.69	20.0%
Apartment Rent	$588.00	$949.00	38.0%

Transportation

Item	Elkhart	National avg.	Difference
Gasoline	$3.19	$3.46	7.8%
Tire Balancing	$52.49	$59.92	12.4%

Utilities

Item	Elkhart	National avg.	Difference
All Electricity	$154.71	$193.99	20.3%
Phone	$186.87	$192.25	2.8%

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	Population	Cost of Living Index	National Avg.
Valeria, IA	40	78	22.1%
Mingo, IA	304	81	18.5%
Maxwell, IA	739	88	11.8%
Collins, IA	444	89	10.6%
Colfax, IA	1,886	86	14.2%
Elkhart, IA	695	90	10.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hollis Crossroads, AL	695	83	17.3%
Stanford, IL	695	89	11.4%
Roachdale, IN	695	86	13.7%
Magnolia, KY	695	84	16.0%
Fairfax, MO	695	81	19.2%
Elkhart, IA	695	90	10.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Elkhart, IA