Knoxville, IA is a small town located in Marion County. It has several local businesses such as Knoxville Carpet & Flooring, K&K Plants, and the Red Door Coffee Shop. It's a great place to settle down with its low cost of living; 2 bedroom rent in Knoxville is only $830 compared to the US average of $1,430. Additionally, groceries are also quite affordable with Knoxville's Grocery Cost Index being 95 versus 100 in the US. With its low cost of living and small-town charm, Knoxville makes for an ideal home for anyone looking for a more laid-back lifestyle.
Knoxville has an unemployment rate of 3.3%. The US average is 6.0%.
Knoxville has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Knoxville
- The Sales Tax Rate for Knoxville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Knoxville is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Knoxville
- The average income of a Knoxville resident is $22,369 a year. The US average is $28,555 a year.
- The Median household income of a Knoxville resident is $52,125 a year. The US average is $69,021 a year.