Cost of Living in Knoxville, IA

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18%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
41%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Knoxville Iowa National
Cost of living8288100
Goods & Services9194100
Groceries9897100
Health care8396100
Housing5974100
Transportation9999100
Utilities7988100
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Homes For Sale In Knoxville, IA

property for sale

509 E Robinson St

Knoxville, IA
property for sale

114 S Conrey St

Knoxville, IA
property for sale

618 E Competine St

Knoxville, IA
property for sale

910 E Marion St

Knoxville, IA
See the Newest Homes For Sale In Knoxville, IA

Cost Of Living Quick Facts

  • The cost of living in Knoxville is 7% lower than the Iowa average
  • The cost of living in Knoxville is 18% lower than the national average
  • Knoxville housing is 41% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Knoxville

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Compare Knoxville, IA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$83,100$6,925$1,939$2,493
      Renters$51,997$4,333$1,213$1,560
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Knoxville, IA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Knoxville homeowners, is $83,100. This would allow for a maximum of $1,939 per month to be spent on housing costs. For renters, the median monthly income is $51,997 which would result in a maximum of $1,213 to be spent on rental costs.

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Goods & Services

      Item Knoxville National avg. Difference
      Haircut $26.10$27.625.5%
      Beauty Salon $45.69$51.1110.6%
      Toothpaste $4.05$4.091.0%
      Shampoo $1.66$1.547.7%
      Movie $10.95$12.8815.0%
      Yoga $20.71$19.665.3%

      Groceries

      Item Knoxville National avg. Difference
      Ground Beef $7.81$7.701.4%
      Fried Chicken $1.51$1.669.2%
      Milk $4.68$4.731.1%
      Potatoes $5.16$5.261.8%
      Pizza $12.30$12.763.6%
      Beer $10.51$10.550.4%

      Health Care

      Item Knoxville National avg. Difference
      Optometrist $93.94$140.0632.9%
      Doctor $109.70$153.8228.7%
      Dentist $134.62$123.159.3%
      Ibuprofen $12.10$11.733.1%
      Lipitor $10.77$23.6154.4%

      Housing

      Item Knoxville National avg. Difference
      Home Price $179,341.00$326,622.0045.1%
      Avg. Mortgage Payment $1,660.94$2,480.2533.0%
      Apartment Rent $1,009.00$1,444.0030.1%

      Transportation

      Item Knoxville National avg. Difference
      Gasoline $2.96$3.063.2%
      Tire Balancing $68.29$65.214.7%

      Utilities

      Item Knoxville National avg. Difference
      All Electricity $148.41$220.1232.6%
      Phone $191.50$195.712.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Marysville, IA52918.6%
      Bussey, IA4587425.6%
      Hamilton, IA637524.5%
      Harvey, IA1847624.0%
      Swan, IA477623.7%
      Knoxville, IA7,4128218.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Richland, MS7,4108812.2%
      Midland Park, NJ7,41014747.3%
      North Vernon, IN7,4158811.7%
      Fort Pierce North, FL7,4168910.9%
      Kill Devil Hills, NC7,4161109.8%
      Knoxville, IA7,4128218.2%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
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