Living in Elkhart, Illinois
Cost of living, income, home prices, rent and demographics of Elkhart · Census data 2020–2024
Elkhart has 533 residents with a median age of 45.4. The median household income is $108,594 (30% higher than the Illinois median), the median home value is $121,600, the median rent is $839/month.
Elkhart is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elkhart at a glance
- Population
- 533
- Median age
- 45.4State: 39
- Median household income
- $108,594State: $83,390
- Median home value
- $121,600State: $263,300
- Median rent
- $839/moState: $1,274
- Homeowners
- 81.3%
- Bachelor's degree or higher
- 28.7%
- Average commute
- 25 min
Is Elkhart a good place to live?
Pros: Median household income 30% higher than the Illinois median; home values 54% lower than the state median; an average commute of 25 minutes; unemployment of 2.5%; a poverty rate of 4.9%.
The weather is best in May–June and August–September.
Cost of living in Elkhart
Housing is the biggest part of the cost of living. In Elkhart the median home value is $121,600, 63% lower than the U.S. median. Renters pay a median of $839 per month, which is 13.8% of household income. Homeowners with a mortgage pay $1,321 a month in housing costs.
Elkhart median household income
The median household income in Elkhart is $108,594 and the income per person is $42,266. 4.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Elkhart: homes for sale and rent
- Housing units
- 252
- Owner-occupied
- 81.3%
- Renter-occupied
- 18.7%
- Vacant
- 6.7%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.27
Elkhart demographics
- Population
- 533
- Median age
- 45.4
- Under 18
- 24.6%
- 65 and older
- 20.3%
- Households
- 235
- Foreign-born
- 1.5%
- Veterans
- 10%Adults 18+
Hispanic or Latino can be of any race. Population history of Elkhart ›
Education in Elkhart
28.7% of adults 25 and older in Elkhart have a bachelor's degree or higher (Illinois: 37.8%), and 13.6% have a graduate or professional degree.
Jobs and commute in Elkhart
- Unemployment rate
- 2.5%State: 5.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 10.3%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 3%
- Homes with broadband
- 81.3%
Elkhart vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elkhart | 533 | $108,594 | $121,600 | $839 |
| Broadwell | 248 | $61,250 | $107,300 | $725 |
| Williamsville | 1,314 | $106,731 | $199,300 | $943 |
| Middletown | 249 | $52,188 | $60,000 | $721 |
| Mount Pulaski | 1,507 | $66,176 | $110,500 | $747 |
| Spaulding | 879 | $105,114 | $220,500 | $698 |
| Dawson | 536 | $76,339 | $91,000 | $850 |
| Lincoln | 13,281 | $57,340 | $124,300 | $828 |
| Sherman | 4,386 | $148,906 | $297,800 | $2,041 |
More for people moving to Elkhart
Elkhart ZIP code ›Weather and climate ›Living in Elkhart: FAQ
What is the median household income in Elkhart, IL?
The median household income in Elkhart is $108,594, 30% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elkhart?
The median home value in Elkhart is $121,600, compared with $263,300 in Illinois.
How much is rent in Elkhart?
The median gross rent in Elkhart is $839 per month, about 13.8% of household income.
Is Elkhart, IL a good place to live?
Pluses: median household income 30% higher than the Illinois median; home values 54% lower than the state median; an average commute of 25 minutes; unemployment of 2.5%; a poverty rate of 4.9%.
What is the median age in Elkhart?
The median age in Elkhart is 45.4 years (Illinois: 39).
How long is the commute in Elkhart?
The average commute to work in Elkhart is 25 minutes; 10.3% of workers work from home.
What is the unemployment rate in Elkhart?
The unemployment rate in Elkhart is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elkhart?
28.7% of adults in Elkhart have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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