Knox County, Indiana
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 $58,863 and per capita income of $33,762 — a gap of $25,101, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $782/month and a median household income of $58,863, rent consumes approximately 15.9% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $58,863, residents of Knox County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $33,762 is in line with national norms for individual earners.
Neighbor Context
Knox County earns approximately 14.3% below the Indiana state median household income of $68,681.
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
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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: $58,863 per year
vs. County Median
+0%
vs. State Average
-14%
vs. National Median
-21%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.