Knox, IN vs New Pekin, IN

Knox is moderately more affordable than New Pekin, with a 8.9% lower cost of living index. Knox scores 61 compared to 68 for New Pekin, where the US average is 100. This difference means residents of New Pekin can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Knox is $613/month compared to $837/month in New Pekin — a 27% difference. Interestingly, home values tell a different story: while Knox has cheaper rent, New Pekin actually has lower median home values ($116,000 vs $125,300).

Median household income in Knox is $45,647 compared to $50,500 in New Pekin (-9.6%). While New Pekin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Knox spend roughly 16.1% of their income on rent, less than the 19.9% in New Pekin.