Housing costs in Knox?
A typical home costs
$170,100, which is 49.7% less expensive than the national average of
$338,100 and 23.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Knox costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 21.0% cheaper than the state average of
$980.
Can I afford Knox?
To live comfortably in Knox, Indiana, a minimum annual income of
$32,760 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Knox?
The cost of living in Knox, IN is relatively low compared to other areas of the country. The median home value in Knox is around $93,000 which means that many people are able to find affordable housing. Furthermore, property taxes and sales taxes are both moderate as well. Food costs also tend to be lower than average with a variety of grocery stores located throughout the area. Additionally, the local economy is strong and unemployment rates are lower than the national average meaning people have more money to spend on other necessities like transportation costs and entertainment. All these factors combined make living in Knox, IN a great value for those looking for a comfortable lifestyle at an affordable price.