Cost of Living in Knox County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Knox County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Knox County, Illinois
Knox County offers budget-friendly housing
Knox County renters spend 16.3% of income on rent, slightly above the U.S. average of roughly 15%, yet with the lowest household income in this group at $53,291. The $725 rent represents solid value, though paired with below-average incomes, affordability stress remains meaningful.
Below state average with modest rents
Knox County's 16.3% rent-to-income ratio slightly exceeds Illinois's 14.7% state average, though median rent of $725 runs 13% below the state median of $837. Strong rent affordability is tempered by the lowest household incomes in this county set.
Cheaper than Jefferson, pricier than Johnson
Knox County's $725 rent falls between Johnson County's bargain $634 and Jefferson County's $862, positioning it in the middle of southern Illinois options. Owner costs ($814) match the region's lower end, making Knox competitive for both renters and homebuyers.
Knox County's modest housing costs
Renters pay $725/month while homeowners average $814/month, consuming roughly 16% and 18% of household income respectively. The median home value of $104,900 is among the lowest in this group, offering accessible homeownership despite limited household income.
Affordable but income-limited county
Knox County delivers low housing costs, but the region's household income of $53,291 demands careful budgeting beyond housing. Consider Johnson County for even lower rents or evaluate opportunities for income growth before committing to relocation here.
Affordability Calculator
See how your income compares to housing costs in Knox County
Rent Burden
16.3%
of gross income
Max Housing (28% Rule)
$1,243
per month
Owner Cost Burden
18.3%
of gross income
You can likely afford the median home in Knox County
Median home value is $104,900. Estimated monthly cost: $837 vs. your max of $1,243.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.