Income & Economy in Elkhart city, IN (46516)
Median Income
$54,934
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,469
Wealth inflow
Population
31,959
Unemployment
4.9%
1.2pp above US avg
IRS migration statistics show a net inflow of about 1,469 for ZIP 46516 (Elkhart city, IN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 46516 (2020–Present)
Since 2020, population declined 0.4%, median income fell 3.7% (inflation-adjusted), home values increased 11.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $54,934 |
| Unemployment | 4.9% |
| Establishments | 889 |
| Employees | 18,211 |