Knox, IL County is a great place to live with affordable housing and low living cost. The 2 bedroom rent in Knox county is only $770 compared to the US average of $1,430 and the grocery cost index is 92 versus 100 in the US. This makes it the perfect place for those who are looking for an affordable place to call home. Knox county also offers its residents plenty of things to do and places to visit. Local businesses include True Value Home Center, Hunan Garden Chinese Restaurant, and Chaney Logistics LLC. There are various recreational facilities such as Chestnut Park which has tennis courts, a basketball court, and a playground plus many more stores and restaurants throughout the area.
Knox County has an unemployment rate of 7.5%. The US average is 6.0%.
Knox County has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Knox County
- The Sales Tax Rate for Knox County is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Knox County is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Knox County
- The average income of a Knox County resident is $25,871 a year. The US average is $37,638 a year.
- The Median household income of a Knox County resident is $45,994 a year. The US average is $69,021 a year.