Knox County, Illinois
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Knox County Compares
Detailed Income Statistics
Income Advisory: Knox County
Income Verdict
Knox County has a median household income of $53,291 and per capita income of $29,614 — a gap of $23,677, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $725/month and a median household income of $53,291, rent consumes approximately 16.3% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $53,291, residents of Knox County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $29,614 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.
Neighbor Context
Knox County earns approximately 22.3% below the Illinois state median household income of $68,580.
Data Story
About Household Income in Knox County, Illinois
Knox County Faces Significant Income Gap
Knox County's median household income of $53,291 trails the national median of $74,755 by a substantial $21,464. This 29% shortfall represents one of the widest income gaps among Illinois counties.
Among Illinois's Lowest-Income Counties
At $53,291, Knox County ranks well below Illinois's state median of $68,580—roughly $15,300 behind. The county's per capita income of $29,614 significantly lags the state average of $36,009, indicating structural economic challenges.
Knox County Struggles Regionally
Knox County earns roughly $7,900 less than Johnson County and about $25,800 below Jersey County. Among the eight surveyed counties, Knox faces the steepest income disadvantage, suggesting limited employment opportunities.
Housing Affordable but Income-Strained
Knox County's 16.3% rent-to-income ratio offers relative affordability, while median home values of $104,900 rank among the lowest regionally. However, modest incomes leave limited room for other essential expenses and savings.
Build Resilience Through Smart Planning
Knox County's lower incomes require disciplined financial planning and creative strategies to build wealth. Focus on low-cost debt repayment, maximize any available tax credits or employer benefits, and explore free or low-cost financial literacy resources to establish a foundation for future security.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Knox County
Your income is above the Knox County median
County median: $53,291 per year
vs. County Median
+0%
vs. State Average
-22%
vs. National Median
-29%
Income Adequacy
Your monthly income ($4,441) vs. median rent ($725/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.