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Knox County Indiana Residents Enjoy a Reasonable Cost of Living

According to Sperling's Best Places the cost of living in Knox County is is 20% Lower than the U.S. average and the Vincennes Metro Area's cost of living is 30.32% Lower than the U.S. average.

The ACCRA (American Chamber of Commerce Research Association) Cost of Living Index measures relative price levels for consumer goods and services in participating areas. ACCRA, however, does not cover smaller urban communities in their cost of living national surveys. The 2017 cost of living indices below are done in accordance with the methodology established by the ACCRA and are supplied by Sperling's Best Places.

Cost of Living Index
Knox County Average
US Average
Composite Index
80 %
100%
Grocery Items
95.3%
100%
Housing
41%
100%
Utilities
98%
100%
Transportation
100%
100%
Health Care
100%
100%
Misc. Goods and Services
100%
100%

The composite index for Knox County is 80%. The index suggests that Knox County has a cost-of-living that is approximately 20% below the national average. This results from 59% below average costs for housing.

The high costs of transportation reported are somewhat suspect in that it appears that commuter costs are driving this result. This is equal to the national average. However, the cause for consternation is the relatively high weight associated with this item. It is highly unlikely that the average mid-level manager uses taxi service or public transportation to any appreciable degree in this region of the country. The Knox County costs for the other components of this category are more in line with the national and regional averages.