Knox, IN vs Wabash, IN

Knox, IN and Wabash, IN have a very similar cost of living, with only a 1.8% difference in their overall index. Knox scores 61 while Wabash 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 $677/month in Wabash — a 10% difference. Interestingly, home values tell a different story: while Knox has cheaper rent, Wabash actually has lower median home values ($115,000 vs $125,300).

Median household income in Knox is $45,647 compared to $54,199 in Wabash (-15.8%). While Wabash 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, more than the 15% in Wabash.