Knox, IN is a small town with a median income of $45,844 per year. The cost of living in Knox, IN is relatively low; the 2 bedroom rent is $810 and the grocery cost index is 91 compared to the US average of 100. This makes Knox an attractive place for people looking to save money and live comfortably. There are several local companies in Knox that offer jobs and services in the area, such as K-Mart, Walmart Supercenter, Dollar Tree, Big Lots!, and Goodwill Industries International Inc. Additionally, there are other businesses that cater to locals such as restaurants, auto repair shops, hair salons/barbershops, banks/credit unions and pharmacies. Consequently, residents in Knox have access to all their basic needs without having to leave their hometown.
Knox has an unemployment rate of 5.5%. The US average is 6.0%.
Knox has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Knox
- The Sales Tax Rate for Knox is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Knox 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
- The average income of a Knox resident is $18,951 a year. The US average is $28,555 a year.
- The Median household income of a Knox resident is $39,603 a year. The US average is $69,021 a year.