Knox has earned the dubious distinction of being the poorest town in Indiana. The financial news website “24/7 Wall St.” compared the median household income of communities to the average in their state. According to their figures, Knox has a median income of $30,300, compared to $48,248 statewide.
The survey also cites a poverty rate of 20.5 percent, and notes this is consistent with the community’s low educational attainment. According to their data, just 5.5 percent of adults in Knox have bachelor’s degrees or higher, compared to the statewide rate of 23.2 percent and the national rate of 28.8.
Town Councilman Ron Parker said during last night’s meeting he feels, quote, “ashamed” of the ranking. Fellow councilman Greg Matt notes the community has an award-winning high school, graduation rates are on the rise, and students have more educational opportunities through the SCILL Center, Ancilla College, Ivy Tech and elsewhere.
Read the full report online at http://247wallst.com/special-report/2015/06/05/the-poorest-town-in-each-state/#ixzz3ccOhwdfH.
