Knox, IN vs Oxford, IN

Knox, IN and Oxford, IN have a very similar cost of living, with only a 3.3% difference in their overall index. Knox scores 61 while Oxford scores 64 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Knox is $613/month compared to $732/month in Oxford — a 16% difference. Interestingly, home values tell a different story: while Knox has cheaper rent, Oxford actually has lower median home values ($113,900 vs $125,300).

Median household income in Knox is $45,647 compared to $48,500 in Oxford (-5.9%). While Oxford 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 18.1% in Oxford.