Knox, IN vs Shelburn, IN

Knox, IN and Shelburn, IN have a very similar cost of living, with only a 3.2% difference in their overall index. Knox scores 61 while Shelburn scores 60 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 $750/month in Shelburn — a 18% difference. Interestingly, home values tell a different story: while Knox has cheaper rent, Shelburn actually has lower median home values ($72,000 vs $125,300).

Median household income in Knox is $45,647 compared to $41,176 in Shelburn (+10.9%). While Knox 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 21.9% in Shelburn.