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 26.4% Lower than the U.S. average and the Vincennes Metro Area’s cost of living at 73.6% is 26.4% 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 | 0.736 | 1 |
| Grocery Items | 0.976 | 1 |
| Housing | 0.413 | 1 |
| Utilities | 0.976 | 1 |
| Transportation | 0.747 | 1 |
| Health Care | 0.772 | 1 |
| Misc. Goods and Services | 0.958 | 1 |
The composite index for Knox County is 73.6. The index suggests that Knox County has a cost-of-living that is approximately 27+% below the national average. This results from 59% below average costs for housing.