Knox, NY is a great place to live and work due to its affordability and convenience. The city offers 2 bedroom rents that are almost $100 cheaper than the national average of $1,430, making it an attractive option for those looking for an economical home. Knox also has a lower cost of groceries than the average in the US with an index of 104 compared to 100 in other parts of the US - this makes grocery trips even more affordable.
The city is host to some great local companies such as Jon's Hardware Store, offering everything from tools and supplies to hardware advice; and AJ's Cafe & Bakery offering delicious dishes and sweet treats for locals. There are also plenty of outdoor recreation opportunities in Knox including hiking trails at nearby Osborn Park and fishing spots along the Hudson River. With all these advantages, Knox is an ideal place to live and work!
Knox has an unemployment rate of 5.7%. The US average is 6.0%.
Knox has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Knox
- The Sales Tax Rate for Knox is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Knox is 6.5%. 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 $42,126 a year. The US average is $37,638 a year.
- The Median household income of a Knox resident is $105,188 a year. The US average is $69,021 a year.