Cost of Living in Floyds Knobs, IN

Population 4,557 · Indiana · Data vintage 2023

106
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Floyds Knobs a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $336,000.

Geographically, Floyds Knobs sits roughly 15 miles northwest of Louisville/Jefferson County metro government (balance). Median home values run roughly 52% higher than Louisville/Jefferson County metro government (balance)'s $222,000.

Cost Overview

Housing 110
Rent 99

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Floyds Knobs

The median home value in Floyds Knobs is $336,300 — 10% above the national median of $305,000. Median rent runs $1,306/month, 1% lower than the national median of $1,314/month. The median household income of $143,088/year is 92% higher than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Floyds Knobs has a cost of living index of 106 versus the US average of 100, meaning it is 6% more expensive.

🏠 Housing

Median Home Value
$336,300
10% above avg
Zillow Home Value
$389,617
Zillow ZHVI
Median Rent
$1,306/mo
1% below avg
Price-to-Rent Ratio
21.5x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$783
2 BR
$985
3 BR
$1,286
4 BR
$1,456
Owner-occupied 90.8%
Renter-occupied 9.2%

💰 Estimated Monthly Budget

Rent median rent
$1,306
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,920/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
26.9 min
0% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.2%

Commute Mode

Drove alone
80.3%
Carpooled
3.1%
Work from home
14.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.0%
Total Sales Tax 7.0%
State rate 7.0%
Avg local rate 0.0%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$143,088
92% above avg
Per Capita Income
$58,040
Unemployment Rate
3.8%
20% below avg
Poverty Rate
3.3%
Labor Force Participation
69.8%

🎓 Education

Bachelor's degree+ 23.3%
Graduate degree 26.4%

👥 Demographics

Median Age 47.9
Male median age 48.2
Female median age 47.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
64.6%
Good air days/yr
177
Max AQI recorded
164
PM2.5 days
183
Ozone days

Frequently Asked Questions

What is the cost of living in Floyds Knobs, IN?

Floyds Knobs has a cost index of 106 (100 = national average). It is 6% above the national average.

What is average rent in Floyds Knobs, IN?

The median gross rent in Floyds Knobs is $1,306 per month based on 2023 Census data.

What is the average home price in Floyds Knobs?

The median home value in Floyds Knobs is $336,300 according to Zillow and Census data.

What is the median income in Floyds Knobs?

The median household income in Floyds Knobs is $143,088 per year (2023 ACS 5-year estimates).

What is the sales tax in Floyds Knobs, IN?

The combined state and local sales tax rate in Floyds Knobs is 7.0%. The Indiana state income tax top rate is 3.0%.

Is Floyds Knobs, IN affordable?

Floyds Knobs is near the national average in terms of cost of living, with an index of 106 (100 = US average).

Floyds Knobs at a Glance

Population
4,557
Median Income
$143,088
Home Value
$336,300
Median Rent
$1,306/mo
Unemployment
3.8%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

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