Knox County, Indiana Income Statistics
Knox County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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C
Knox County Below averageLess wealthy than 75% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Knox County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,328 | $71,967 | $80,455 |
| Median Personal Income | $47,483 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.5% | 4.8% |
| Six-Figure Earners | 6.4% | 10.2% | 13.9% |
| $200k+ Households | 6.4% | 8.2% | 13.2% |
The median household income in Knox County is about 15% lower than in Indiana. Income has been growing slower in Knox County (4.2%/yr) than in Indiana (4.5%/yr).
About 6% of adults in Knox County earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Knox County, Indiana grew by 57.2% from 2009 to 2024, reaching $61,328 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Knox County
| Metric | Knox County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.510 | 0.534 | 0.552 |
| Male Median Income | $57,070 | $65,086 | $69,667 |
| Female Median Income | $45,953 | $51,220 | $56,850 |
| Gender Pay Gap | 19.5% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Knox County, it is 0.510, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Knox County, Indiana. Over a 35-year career, a 24% wage gap accumulates to roughly $389,095 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Knox County, Indiana has narrowed from about 31% to 19% in 2024. Over that period the gap was widest at 31% in 2010. In dollar terms, the gap has narrowed by $1,403 since 2009.
Employment
| Metric | Knox County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 4.3% | 5.2% |
| Working from Home | 2.3% | 10.7% | 15.0% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 553 people are unemployed in Knox County, Indiana.
The average commute time in Knox County is 15 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Knox County, Indiana has fallen from 6.9% to 3.1% in 2024. Over that period the rate peaked at 7.1% in 2012 and fell as low as 2.5% in 2023.
Knox County, IN Wealth Compared With Nearby Counties
Knox County, IN is the largest of the 6 counties compared here, 35,997 residents against a local median of 20,780. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Knox County, IN an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median household income, 11% below the local median at $61,328 against $69,133. Knox County, IN has the 4th highest median household income of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Knox County, IN | 35,997 | $61,328 #4/6 | 4.2%/yr #4/6 | 3.1% #3/6 | 0.510 #1/6 |
| Lawrence County, IL | 15,031 | $57,568 | 3.8%/yr | 8.1% | 0.576 |
| Pike County, IN | 12,154 | $70,639 | 4.9%/yr | 3.2% | 0.513 |
| Daviess County, IN | 33,658 | $69,555 | 4.7%/yr | 1.5% | 0.543 |
| Sullivan County, IN | 20,780 | $57,359 | 3.6%/yr | 4.4% | 0.553 |
| Gibson County, IN | 32,996 | $69,133 | 4.2%/yr | 2.3% | 0.515 |
Conclusion
Considering all these factors, Knox County, Indiana has an overall wealth index grade of C, making it about on par with Indiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Knox County, Indiana.
How Rich Is Knox County, Indiana?
Knox County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $61,328, about 15% lower than the Indiana average of $71,967.
Are incomes growing in Knox County, Indiana?
Between 2009 and 2024, the median household income in Knox County, Indiana rose 57%, from $39,011 to $61,328. Over the same years, income here outpaced Indiana as a whole: +57% against +52%.
What was the median household income in Knox County in 2023?
In 2023, the median household income in Knox County, Indiana was $59,249, up 2% from $58,186 in 2022. The Indiana median that year was $70,115.
What was the median household income in Knox County in 2020?
In 2020, the median household income in Knox County, Indiana was $48,424. By 2024 it had risen 27% to $61,328.
Is it hard to find a job in Knox County, Indiana?
Unemployment in Knox County, Indiana is only 3.1%, well below the Indiana rate of 4.3%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Knox County, Indiana?
The Gini coefficient in Knox County is 0.510. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Knox County, Indiana?
Since 2009, the income gap between men and women in Knox County, Indiana has narrowed from about 31% to 19% in 2024. Over that period the gap was widest at 31% in 2010. In dollar terms, the gap has narrowed by $1,403 since 2009.
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