Cost of Living in Knox, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.9
100 = national avg
-27.1 vs national average
Living Wage (1 Adult)
$32,054
per year
Living Wage (Family of 4)
$75,765
per year
Cost Index by Category
Housing63.0
Food84.9
Transportation69.8
Healthcare87.9
Utilities83.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$729
per month
2 Bedroom
$956
per month
The overall cost of living index in Knox is 72.9, which is 27.1% below the national average. Housing costs are below the national average at an index of 63.0. A single adult needs to earn approximately $32,054 per year to cover basic expenses.