Knox has once again been named the poorest community in Indiana, in a recent report from 24/7 Wall St. The financial news website says it used the five-year estimates from the U.S. Census Bureau’s 2017 American Community Survey to find the poorest town in each state.
They showed that Knox has a median household income of $33,709, about $18,500 less than the state as a whole. Similarly, the median home value in Indiana is over $130,000, but in Knox, it’s less than $77,000. The city’s poverty rate is 21.5 percent, nearly seven-percent higher than that of the state.
To come up with its list, 24/7 Wall St. says it looked at the data for more than 2,600 cities, towns, villages, and Census-designated places. It only included areas with populations between 1,000 and 25,000, and where the margin of error for the population and income data was less than 10 percent.
