Knightstown, IN is a small town in the state of Indiana with a population of 2,051. The cost of living is relatively low compared to the rest of the United States, for example 2 bedroom rent in Knightstown is $1,020 whereas the US average for 2 bedroom rent is $1,430. Similarly, the Grocery Cost Index in Knightstown is 93 compared to 100 in the US. This makes Knightstown an attractive place to live and work.
Knightstown has several local companies providing employment opportunities to its residents. Some of these include Double A trailer sales & service, Hoosier Precast Products Inc., John Henry Fence Company and BPI Plastics LLC. These businesses offer a wide range of products and services for both commercial and residential customers.
Knightstown has an unemployment rate of 4.3%. The US average is 6.0%.
Knightstown has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 35.5%, which is higher than the US average of 33.5%.
Tax Rates for Knightstown
- The Sales Tax Rate for Knightstown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Knightstown is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Knightstown
- The average income of a Knightstown resident is $28,892 a year. The US average is $37,638 a year.
- The Median household income of a Knightstown resident is $55,000 a year. The US average is $69,021 a year.