Knoxville, IA vs Tipton, IA

Knoxville, IA and Tipton, IA have a very similar cost of living, with only a 0.4% difference in their overall index. Knoxville scores 68 while Tipton scores 69 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 Knoxville is $810/month compared to $823/month in Tipton — a 2% difference. Interestingly, home values tell a different story: while Knoxville has cheaper rent, Tipton actually has lower median home values ($146,000 vs $147,600).

Median household income in Knoxville is $70,136 compared to $67,625 in Tipton (+3.7%). Knoxville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Knoxville spend roughly 13.9% of their income on rent, less than the 14.6% in Tipton.

Climate-wise, both cities share similar average temperatures (49.5°F vs 51°F). Knoxville receives more rainfall at 36.6" per year compared to 35.7" in Tipton.