Housing costs in Elkhart?
A typical home costs
$290,500, which is 14.1% less expensive than the national average of
$338,100 and 49.1% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Elkhart costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 15.5% more than the state average of
$930.
Can I afford Elkhart?
To live comfortably in Elkhart, Iowa, a minimum annual income of
$55,800 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Elkhart?
Elkhart, IA is an affordable place to live. According to BestPlaces, the cost of living in Elkhart is 13% lower than the average cost of living in the United States. The cost of housing in Elkhart is particularly low, with housing costs averaging 66% lower than the national average. This makes Elkhart an ideal city for those looking for affordable living without sacrificing on quality of life. Additionally, groceries are 7% cheaper than the national average, while utilities costs 12% less. Overall, Elkhart offers great value for those looking for a low-cost place to live.