Cost of Living in Knox County, Indiana
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, Indiana
Knox County offers affordable rents nationally
With a rent-to-income ratio of 15.9%, Knox County is nearly aligned with the national average despite a median household income of $58,863—below the national median of $74,755. Monthly rents of $782 are notably low, making this county an outlier for affordability.
One of Indiana's most affordable counties
Knox County's 15.9% rent-to-income ratio sits almost exactly at the state average of 15.6%, and its $782 median rent is $101 below Indiana's average of $883. This combination ranks Knox among Indiana's most housing-accessible counties.
Low rents anchor the region
Knox County's $782 rent is the lowest among comparable counties in this analysis, undercutting Lawrence County ($800) and matching affordability trends in rural Indiana. Despite lower incomes, Knox residents spend less on housing as a percentage of earnings than many neighboring areas.
Minimal housing burden allows financial flexibility
Renters dedicate only 15.9% of income to housing, while homeowners spend roughly 15.4% on mortgage costs, leaving Knox residents room for savings and other expenses. The median home value of $123,500 is the lowest in this county cluster, reflecting accessible homeownership.
Budget-conscious renters should explore Knox
Knox County delivers some of the lowest housing costs in Indiana paired with manageable rent-to-income ratios, ideal if you prioritize affordability over urban amenities. Compare it with neighboring Lawrence County ($800 rent, $65,551 income) to assess similar low-cost regions.
Affordability Calculator
See how your income compares to housing costs in Knox County
Rent Burden
15.9%
of gross income
Max Housing (28% Rule)
$1,373
per month
Owner Cost Burden
15.3%
of gross income
You can likely afford the median home in Knox County
Median home value is $123,500. Estimated monthly cost: $986 vs. your max of $1,373.
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.