Knoxville, IA
Population 7,493 · Iowa
About Knoxville, IA
Knoxville is a small town located in Iowa with a population of 7,493 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,136 per year, which is 7% below the national median of $75,149. The median age of 42.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Knoxville features a median home value of $147,600, which is 40% below the national median of $244,900. This positions Knoxville in a moderately priced market relative to the rest of the country. Median monthly rent is $810, 30% below the national average of $1,163/month. Of the 3,463 total housing units, 74% are owner-occupied (2,374 units) and 26% are renter-occupied (821 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Knoxville shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Knoxville have an average one-way commute time of 21.5 minutes.
Education & Demographics
31.3% of Knoxville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.6% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Knoxville, IA
Compared to national averages, Knoxville has a median household income of $70,136 (7% below the national median of $75,149). Home values average $147,600, which is 40% below the national median. Monthly rent at $810 is 30% below the US average of $1,163. Within Iowa, Knoxville's income is 3% above the state average of $67,947, and home values are 12% above the state median of $132,237.
Why Live in Knoxville, IA?
Knoxville offers affordable housing with a median home value of $147,600, below the US average of $244,900, and rent that’s lower than the national average at $810/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 9.0%, better than the national average, and short commute times averaging just 21.5 minutes.
Potential considerations include median household income ($70,136) that falls below the national average. However, Knoxville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Knoxville has a population of 7,493 with a median age of 42.2 years. Compare Knoxville with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Knoxville
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Creston | 7,466 | $50,752 | $112,600 | Compare |
| Decorah | 7,597 | $62,177 | $234,600 | Compare |
| Clear Lake | 7,603 | $70,278 | $235,100 | Compare |
| Charles City | 7,321 | $56,734 | $118,900 | Compare |
| Washington | 7,314 | $56,536 | $144,500 | Compare |
| Webster City | 7,769 | $65,844 | $115,400 | Compare |
| Hiawatha | 7,178 | $67,628 | $210,200 | Compare |
| Perry | 7,928 | $63,983 | $122,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Knoxville With Other Cities
Frequently Asked Questions about Knoxville
What is the population of Knoxville, IA?
The population of Knoxville, IA is 7,493 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in Knoxville?
The median household income in Knoxville, IA is $70,136 per year, which is 7% below the national median of $75,149.
What is the median home value in Knoxville?
The median home value in Knoxville, IA is $147,600, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Knoxville?
The median monthly rent in Knoxville, IA is $810, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Knoxville?
The unemployment rate in Knoxville, IA is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Knoxville, IA a good place to live?
Knoxville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 7,493 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Knoxville, IA?
31.3% of residents in Knoxville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Knoxville?
Key cost-of-living indicators for Knoxville, IA: median home value is $147,600 (40% below national), median rent is $810/month, and median household income is $70,136. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Knoxville?
The poverty rate in Knoxville, IA is 9.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Knoxville, IA?
Knoxville's population is 1.6% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 0.5% two or more races. 1.5% of residents are foreign-born.