South Bend, Indiana, is the most populous city in and the county seat of St. Joseph County. South Bend is the principal city in the South Bend-Mishawaka, IN-MI, Metropolitan Statistical Area.* As of 2022, the city had population of 103,110 and the full MSA had a population of 323,637.
Elkhart, Indiana is located about 15 miles east of South Bend and is a principal city in the Elkhart-Goshen Metropolitan Statistical Area.* Elkhart is often called the “RV Capital of the World” because of the high concentration of RV manufacturers in the region. As of 2022, the city had a population of 53,801 and the MSA had a population of 206,890.
* MSAs are defined by the U.S. Office of Management and Budget.Click on any quick stat to view details and a comparison table.
The South Bend Futurecast Event
Thursday, Nov. 30, 2023
Breakfast served at 7:30 am.
University Grill
1700 Mishawaka Ave,
South Bend, IN 46615
This event is co-hosted by the IU South Bend Judd Leighton School of Business and Economics, the IBRC and the Kelley School of Business.
The South Bend-Mishawaka MSA unemployment rate in 2023 is predicted to rise to between 4.5% and 4.75%. The South Bend-Mishawaka MSA has a higher share of manufacturing employment (11.6% relative to 8.4% at the national average) that could drive the local unemployment rate above the national average when the economy contracts.
The Elkhart-Goshen MSA’s unemployment rate could move up to between 5.5% and 6.0% in 2023, given the dominant role of the RV industry in its economy. The aforementioned economic headwinds, such as the elevated interest rate, the high inflation rate, high energy prices and intensified uncertainty in 2023, could turn consumers away from buying durable goods, like RVs.
Read the full South Bend / Elkhart article »Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.
Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.