Cost of Living in Knox, IN
Population 3,843 · Indiana · Data vintage 2023
(100 = US avg)
Knox's median household income of $45,647 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (33% here). An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.
Knox is about 30 miles southwest of South Bend, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with South Bend's $125,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Knox
The median home value in Knox is $125,300 — 59% below the national median of $305,000. Median rent runs $613/month, 53% lower than the national median of $1,314/month. The median household income of $45,647/year is 39% lower than the US median of $74,580. The local unemployment rate is 2.9%, 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, Knox has a cost of living index of 43 versus the US average of 100, meaning it is 57% less expensive.
Knox 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Knox, IN?
Knox has a cost index of 43 (100 = national average). It is 57% below the national average.
What is average rent in Knox, IN?
The median gross rent in Knox is $613 per month based on 2023 Census data.
What is the average home price in Knox?
The median home value in Knox is $125,300 according to Zillow and Census data.
What is the median income in Knox?
The median household income in Knox is $45,647 per year (2023 ACS 5-year estimates).
What is the sales tax in Knox, IN?
The combined state and local sales tax rate in Knox is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Knox, IN affordable?
Yes, Knox is generally considered affordable, with a cost of living index of 43 — about 57% below the US national average of 100.
Knox at a Glance
- Population
- 3,843
- Median Income
- $45,647
- Home Value
- $125,300
- Median Rent
- $613/mo
- Unemployment
- 2.9%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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