Knoxville, IA, has a cost of living index that is generally lower than the nationwide average of 100. The overall index for Knoxville is 89, indicating that residents can expect to spend about 11% less on average compared to the national average. Specifically, lower costs in housing, transportation, and utilities contribute to this savings.
Despite some higher costs in groceries and healthcare, Knoxville provides a more affordable lifestyle compared to the national average. This balance makes it an attractive option for those seeking a cost-effective place to live.
Knoxville, IA, offers a cost of living that is generally lower than the nationwide average. For example, housing costs in Knoxville are 80% of the national average, suggesting that people in Knoxville can find more affordable housing options. The lower housing costs can be a significant benefit for individuals looking to live within their means.
In addition to housing, groceries in Knoxville cost 95% of the national average, which is slightly below the average but still quite reasonable. Utilities in Knoxville are 90% of the national average, making it easier for residents to manage monthly expenses. Transportation costs are 85% of the national average, meaning it is cheaper to get around in Knoxville compared to the rest of the country. Healthcare costs in Knoxville are exactly at the national average, offering no significant advantage or disadvantage. Lastly, miscellaneous costs are at 92% of the national average, providing a generally favorable cost structure for those living in Knoxville.
