Cost Of Living in Knox, IN

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16%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

44%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Knox	Indiana	National
Cost of living	84	89	100
Groceries	98	97	100
Health care	95	97	100
Housing	56	72	100
Transportation	94	96	100
Utilities	95	96	100
Lifestyle & Entertainment	95	95	100
Household Items	98	98	100
Education & Childcare	99	94	100

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Homes For Sale In Knox, IN

5671 E Shady Ln

Knox, IN

320 E 450 S

Knox, IN

VL South

Ober, IN

V/L South

Ober, IN

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Cost Of Living Quick Facts

The cost of living in Knox is 6% lower than the Indiana average
The cost of living in Knox is 16% lower than the national average
Knox housing is 44% lower than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 21% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$73,220	$6,102	$1,708	$2,197
Renters	$44,046	$3,671	$1,028	$1,322

The affordability of the housing market in Knox, IN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Knox homeowners, the median income is $73,220. This indicates that a monthly maximum of $1,708 should be spent by homeowners on all housing related costs. Renters have a median income of $44,046. This indicates that renters would have a maximum of $1,028 for their rent related monthly costs.

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.15%	3.15%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Medaryville, IN	727	80	20.0%
Kingsford Heights, IN	1,431	81	18.7%
Monterey, IN	403	82	17.6%
Hamlet, IN	781	83	17.0%
North Judson, IN	2,185	84	15.6%
Knox, IN	3,634	84	15.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Meadow Vista, CA	3,634	157	56.7%
Teague, TX	3,634	86	13.8%
Pinch, WV	3,634	98	1.9%
Lavon, TX	3,633	113	13.1%
Rayville, LA	3,635	83	17.4%
Knox, IN	3,634	84	15.9%