Knox County, Indiana

Income Data

-14% vs. Indiana average
$58,863
Median Household Income
$33,762
Per Capita Income

At a Glance

Median Household Income
$58,863
-14% vs. state avg
Per Capita Income
$33,762
-14% vs. national
Income-to-Housing Ratio
47.7%
income as % of home value
Rank in Indiana
#80 / 92
by median household income

How Knox County Compares

Knox County$58,863
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$58,863
Median Household Income
$33,762
Per Capita Income
$123,500
Median Home Value
47.7%
Income-to-Housing Ratio

Data Story

About Household Income in Knox County, Indiana

Knox County income lags national standard

Knox County's median household income of $58,863 falls 21.3% below the national median of $74,755, reflecting economic challenges that many rural Indiana counties face. Per capita income here is $33,762, notably lower than the national average, signaling limited wealth accumulation across the population.

Below-average income for Indiana

Knox County's median household income ranks below Indiana's state average of $68,681, placing it among the lower-earning counties statewide. This gap of nearly $10,000 reflects structural economic differences compared to stronger regional markets.

Struggling compared to nearby counties

Knox County's $58,863 median income trails LaGrange County ($83,741) by 30% and Kosciusko County ($73,922) by 20%. Only Lawrence County ($65,551) and Madison County ($62,632) in this regional group earn less, indicating Knox County faces competitive income headwinds.

Housing remains manageable despite income gaps

Knox County's rent-to-income ratio of 15.9% suggests housing costs stay within the affordable range, supported by a median home value of $123,500. However, lower incomes mean households have less cushion for unexpected expenses and savings goals.

Strategic saving critical for Knox County

With household incomes running 21% below the national average, Knox County residents should prioritize building emergency funds and exploring lower-cost investment vehicles like index funds. Consider tapping into local workforce development programs and education initiatives to increase earning potential for your family.

Frequently Asked Questions

What is the median household income in Knox County, Indiana?
The median household income in Knox County, Indiana is $58,863, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Knox County?
The per capita income in Knox County is $33,762, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $58,863.
How does Knox County compare to the Indiana average?
Knox County's median household income of $58,863 is lower than the Indiana state average of $68,681. The per capita income is $33,762, compared to the state average of $34,773.
What is the per capita income in Knox County, Indiana?
The per capita income in Knox County, Indiana is $33,762, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Knox County a low-income area in Indiana?
Knox County's median household income of $58,863 is below the Indiana average of $68,681. The per capita income of $33,762 is also lower than the state average of $34,773. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Knox County rank for income in Indiana?
Knox County ranks #80 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $58,863 and per capita income of $33,762, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Knox County

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Your income is above the Knox County median

County median: $58,863 per year

vs. County Median

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vs. State Average

-14%

vs. National Median

-21%

vs. Knox County MedianAbout equal
vs. Indiana Average14% below
vs. National Median21% below

Income Adequacy

Monthly income covers median rent6.3x

Your monthly income ($4,905) vs. median rent ($782/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.