Knox County, Texas
Income Data
At a Glance
How Knox County Compares
Detailed Income Statistics
Data Story
About Household Income in Knox County, Texas
Knox County earns well below U.S. median
Knox County's median household income of $56,304 is 25% lower than the national median of $74,755, placing it among lower-income counties nationwide. This significant gap underscores the rural economic challenges facing North Texas.
Among Texas's lower-income counties
Knox County ranks in the bottom tier of Texas counties with income 13% below the state median of $64,737. The county's dependence on agriculture and small-scale manufacturing limits wage growth compared to urban centers.
Slightly below regional peers
Knox County's $56,304 income trails Lamb County ($56,997) but closely mirrors La Salle County ($55,469), reflecting shared rural Texas economics. Nearby Lamar County ($61,122) performs better, suggesting geographic variation within the region.
Excellent housing affordability advantage
Knox County's 14.1% rent-to-income ratio is exceptionally low, placing it well below the 15% benchmark and among the most affordable in Texas. With median home values at just $66,800, homeownership here remains highly accessible even for modest earners.
Leverage low housing costs for wealth building
Knox County's remarkable housing affordability frees up substantial cash flow for investing and savings compared to national standards. Residents here can aggressively fund retirement accounts, education savings, or down payments for investment properties with minimal strain on household budgets.
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: $56,304 per year
vs. County Median
+0%
vs. State Average
-13%
vs. National Median
-25%
Income Adequacy
Your monthly income ($4,692) vs. median rent ($661/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.