Cost of Living in Knoxville, IL
Population 3,137 · Illinois · Data vintage 2023
(100 = US avg)
Housing costs in Knoxville stay well under national norms: a median home value of $140,000 against median household incomes of $80,385 gives the city one of the more comfortable price-to-income ratios in Illinois.
Geographically, Knoxville is about 35 miles west of Peoria, the nearest large metro. Housing prices track closely with Peoria's $150,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Knoxville
The median home value in Knoxville is $139,900 — 54% below the national median of $305,000. Median rent runs $675/month, 49% lower than the national median of $1,314/month. The median household income of $80,385/year is 8% higher than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Knoxville has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.
Knoxville has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Knoxville, IL?
Knoxville has a cost index of 48 (100 = national average). It is 52% below the national average.
What is average rent in Knoxville, IL?
The median gross rent in Knoxville is $675 per month based on 2023 Census data.
What is the average home price in Knoxville?
The median home value in Knoxville is $139,900 according to Zillow and Census data.
What is the median income in Knoxville?
The median household income in Knoxville is $80,385 per year (2023 ACS 5-year estimates).
What is the sales tax in Knoxville, IL?
The combined state and local sales tax rate in Knoxville is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Knoxville, IL affordable?
Yes, Knoxville is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.
Knoxville at a Glance
- Population
- 3,137
- Median Income
- $80,385
- Home Value
- $139,900
- Median Rent
- $675/mo
- Unemployment
- 4.5%
- Sales Tax
- 8.7%
Explore county-level cost of living data
Illinois Rankings
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