Knightsville, IN is a small town located in Indiana with a population of approximately 10,000 people. It offers an affordable cost of living for those looking to move to the area; the average two bedroom rent is $860 per month compared to the US average of $1,430. Groceries are also much cheaper than other parts of the United States, with a grocery cost index of 91 versus 100 in the US.
The local economy in Knightsville is mainly driven by agriculture and trade businesses such as family-run farms and retail stores like Walgreens, Walmart Supercenter, and Family Dollar. Construction companies like All Phase Construction Inc., HC Electric Inc., and Quality Industrial Building Systems LLC have been creating jobs for many years now which provides residents with higher incomes. The town is also home to many independent businesses such as Blondies Pizza & Subs, Brown's Coffee Shop, Barley Island Brewing Co., White Tower Restaurant & Lounge, and more. These establishments not only provide employment opportunities but also increase tourism in the area.
Knightsville has an unemployment rate of 4.8%. The US average is 6.0%.
Knightsville has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Knightsville
- The Sales Tax Rate for Knightsville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Knightsville is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Knightsville
- The average income of a Knightsville resident is $22,922 a year. The US average is $28,555 a year.
- The Median household income of a Knightsville resident is $55,625 a year. The US average is $69,021 a year.