Knox, IN vs Peru, IN

Knox, IN and Peru, IN have a very similar cost of living, with only a 2.1% difference in their overall index. Knox scores 61 while Peru scores 63 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 $769/month in Peru — a 20% difference. Interestingly, home values tell a different story: while Knox has cheaper rent, Peru actually has lower median home values ($84,000 vs $125,300).

Median household income in Knox is $45,647 compared to $46,180 in Peru (-1.2%). The higher salaries in Peru partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Knox spend roughly 16.1% of their income on rent, less than the 20% in Peru.