Knox City, MO is a great place to settle down and call home. Rent for 2 bedrooms is widely affordable, costing only $700 compared to the US average of $1,430. The cost of groceries is also significantly lower than the national average at 92 in comparison to 100 in the US. There are multiple companies in Knox City that provide both housing and groceries. Some of the most popular include Budget Suites, which offers furnished apartments with low monthly rates; Grocery Express, which provides quality grocery items at reasonable prices; and Reasonable Housing Solutions, which specializes in finding affordable rental properties for families.
Knox City has an unemployment rate of 3.3%. The US average is 6.0%.
Knox City has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Knox City
- The Sales Tax Rate for Knox City is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Knox City is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Knox City
- The average income of a Knox City resident is $17,637 a year. The US average is $28,555 a year.
- The Median household income of a Knox City resident is $40,833 a year. The US average is $69,021 a year.