Elkhart, Indiana Income Statistics
Elkhart Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Elkhart Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Elkhart | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,439 | $71,967 | $80,455 |
| Median Personal Income | $46,229 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.5% | 4.8% |
| Six-Figure Earners | 4.6% | 10.2% | 13.9% |
| $200k+ Households | 3.6% | 8.2% | 13.2% |
The median household income in Elkhart is about 23% lower than in Indiana. Income has been growing slower in Elkhart (4.2%/yr) than in Indiana (4.5%/yr).
About 5% of adults in Elkhart earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Elkhart, Indiana grew by 42.0% from 2009 to 2024, reaching $55,439 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Elkhart
| Metric | Elkhart | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.534 | 0.552 |
| Male Median Income | $52,166 | $65,086 | $69,667 |
| Female Median Income | $44,470 | $51,220 | $56,850 |
| Gender Pay Gap | 14.8% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Elkhart, it is 0.507, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 17% more than women's income in Elkhart, Indiana. Over a 35-year career, a 17% wage gap accumulates to roughly $269,360 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elkhart, Indiana has narrowed from about 22% to 15% in 2024. Over that period the gap was widest at 24% in 2011. In dollar terms, the gap has narrowed by $286 since 2009.
Employment
| Metric | Elkhart | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.3% | 5.2% |
| Working from Home | 3.9% | 10.7% | 15.0% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 1,054 people are unemployed in Elkhart, Indiana.
The average commute time in Elkhart is 17 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elkhart, Indiana has fallen from 14.7% to 4.2% in 2024. Over that period the rate fell as low as 3.7% in 2023.
Conclusion
Considering all these factors, Elkhart, Indiana has an overall wealth index grade of D, making it somewhat worse than Indiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Elkhart, Indiana.
How Wealthy Is Elkhart, Indiana?
Elkhart has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $55,439, about 23% lower than the Indiana average of $71,967.
Are incomes growing in Elkhart, Indiana?
Between 2009 and 2024, the median household income in Elkhart, Indiana rose 42%, from $39,043 to $55,439. Over the same years, income here lagged behind Indiana as a whole: +42% against +52%.
What was the median household income in Elkhart in 2023?
In 2023, the median household income in Elkhart, Indiana was $52,381, up 2% from $51,398 in 2022. The Indiana median that year was $70,115.
What was the median household income in Elkhart in 2020?
In 2020, the median household income in Elkhart, Indiana was $44,963. By 2024 it had risen 23% to $55,439.
What is the Gini coefficient in Elkhart, Indiana?
The Gini coefficient in Elkhart is 0.507. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Elkhart, Indiana?
Since 2009, the income gap between men and women in Elkhart, Indiana has narrowed from about 22% to 15% in 2024. Over that period the gap was widest at 24% in 2011. In dollar terms, the gap has narrowed by $286 since 2009.
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