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This question is about Elkhart, IN.
What is a good salary in Elkhart, IN?
A good salary in Elkhart, IN is anything over $38,000. That's because the median income in Elkhart is $38,000, which means if you earn more than that you're earning more than 50% of the people living in Elkhart. The average salary in Elkhart is $43,370.
A good hourly wage in Elkhart is $18.27 per hour. That works out to a good weekly wage of $730 per week and a good monthly wage of $3,166 per month. However, using the median income is only one way to calculate a good salary in Elkhart.
Another way to calculate a good salary in Elkhart is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $95,900, a good salary in Elkhart would be $19,180.
Lastly, we can determine a good salary in Elkhart by looking at the cost of living and comparing it to the US average salary. The cost of living in Elkhart is 18% lower than than the national average. The national average salary is $56,310, so a good salary in Elkhart is anything over $46,174 by this measure.
Average Annual Salary in Elkhart, IN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $21,000 | $1,750 | $403 | $10.1 |
| 25th | $28,000 | $2,333 | $538 | $13.46 |
| Median | $38,000 | $3,166 | $730 | $18.27 |
| 75th | $53,000 | $4,416 | $1,019 | $25.48 |
| 90th | $70,000 | $5,833 | $1,346 | $33.65 |
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