Housing costs in Knox City?
A typical home costs
$103,200, which is 69.5% less expensive than the national average of
$338,100 and 51.4% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Knox City costs
$700 per month, which is 51.0% cheaper than the national average of
$1,430 and 35.7% cheaper than the state average of
$950.
Can I afford Knox City?
To live comfortably in Knox City, Missouri, a minimum annual income of
$19,800 for a family, and
$21,200 for a single person is recommended.
What does A.I. say about Knox City?
The cost of living in Knox City, MO is relatively affordable compared to other areas in the state. According to the Missouri Economic Research and Information Center, the estimated cost of living index for Knox City is 89.9, which is 10.1 points below the national average of 100. This means that goods and services are more affordable when compared to the US average. Additionally, housing costs are quite reasonable with a median home value of $83,400—approximately 19% lower than the Missouri average. With its low cost of living and steady job market, Knox City is an attractive place for those looking for a more affordable lifestyle without sacrificing access to amenities and services that larger cities offer.