Knox, IN County is an attractive place to call home due to its affordability. According to data, the average 2 Bedroom rent in Knox, IN County is $850 compared to the US average of $1,430. Additionally, groceries are relatively inexpensive here with a Grocery Cost Index of 89 compared to 100 in the US. Knox County is also known for its many small businesses such as Sunny Shine Daycare and Home Health Care Services, Rabbit Run Farm Market, and The Back Porch Café. Residents of Knox enjoy all these benefits while still being close enough to larger cities like Fort Wayne or Chicago for any other needs they may have.
Knox County has an unemployment rate of 3.8%. The US average is 6.0%.
Knox County has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Knox County
- The Sales Tax Rate for Knox County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Knox County is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Knox County
- The average income of a Knox County resident is $21,801 a year. The US average is $28,555 a year.
- The Median household income of a Knox County resident is $51,784 a year. The US average is $69,021 a year.