salaryRent is lower than in 80% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (76%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $45,000 a year. That is $22 an hour at a full-time job.
Is rent cheaper than other Iowa cities?
No. Rent here is more expensive than in most of Iowa. It is number 48 of 86 cities from cheapest to most expensive.
How much do households earn in Knoxville?
Share of households by yearly income. 20.7% of households earn $100,000 or more.
Rent by apartment size in Knoxville
| Size | Knoxville | U.S. average |
|---|---|---|
| Studio | $889 | $1,338 |
| 1 bedroom | $774 | $1,324 |
| 2 bedrooms | $867 | $1,509 |
| 3 bedrooms | $947 | $1,698 |
| 4 bedrooms | $1,286 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Knoxville overall?
Everyday prices in Iowa overall are 12% below the U.S. average (index 87.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Knoxville, so the Iowa figure is shown.
Taxes and bills in Knoxville
Life in Knoxville
Is it cheaper to rent or buy in Knoxville?
About the same. Renting and owning cost within $13 of each other each month.
Owning assumes a typical $160,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,030 for the down payment.
Frequently asked questions
What is the average rent in Knoxville, IA?
Renting in Knoxville costs a median of about $1,125 a month in 2026, including utilities. The Iowa median is $1,071.
How much do I need to make to live in Knoxville?
To keep rent under 30% of income, you need about $45,000 a year, or $22 an hour at a full-time job.
Is Knoxville cheap or expensive?
Knoxville is rated OK: rent takes 20.3% of the typical household income of $66,435. It ranks 48th cheapest of 86 Iowa cities we track.
How much are property taxes in Knoxville?
The median homeowner in Knoxville pays $2,430 a year in property taxes, about 1.52% of the median home value.
Is Knoxville more expensive than the national average?
Overall prices in Iowa are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Knoxville?
The median home value in Knoxville is $160,300, about 2.4 times the typical yearly household income.
7,473 people live in Knoxville. Numbers are typical (middle) values.