Cost of Living in Elkhart, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
127.5
100 = national avg
+27.5 vs national average
Living Wage (1 Adult)
$56,082
per year
Living Wage (Family of 4)
$132,557
per year
Cost Index by Category
Housing147.6
Food112.5
Transportation116.5
Healthcare110.0
Utilities117.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,109
per month
2 Bedroom
$1,318
per month
The overall cost of living index in Elkhart is 127.5, which is 27.5% above the national average. Housing costs are above the national average at an index of 147.6. A single adult needs to earn approximately $56,082 per year to cover basic expenses.