Cost of Living in Floyds Knobs, IN

With a cost of living index of 100, Floyds Knobs, IN is right around the national average in cost. Living here is 0% cheaper than the national average and 22% above the Indiana state average of 78. Floyds Knobs is a small community of 4,557 residents.

Housing costs are the biggest factor in Floyds Knobs's cost of living. The median monthly rent is $1,306 (1% below the US median of $1,319), and the median home value sits at $336,300 (10% above the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Floyds Knobs is $143,088, which is 90% higher than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.