The median income in Knox has shown moderate fluctuations over the past decade. From 2013 to 2022, the median income increased from $44,236 to $48,321, representing a growth of about 9.2% over nine years. This growth is relatively modest and may not have kept pace with inflation during this period.

The population has remained relatively stable, decreasing slightly from 4,172 in 2013 to 4,137 in 2022, a decline of less than 1%. This stability in population, combined with the modest income growth, suggests a relatively static economic environment.

The demographic homogeneity of Knox is notably higher than what is typical for many American communities, especially urban areas, which have been experiencing increasing diversity over the past decades. The slow pace of diversification in Knox contrasts with national trends towards increasing racial and ethnic diversity.

The modest income growth in Knox may be indicative of broader economic challenges faced by many small, rural communities across the United States. Many such areas have struggled with economic development and wage growth, particularly in comparison to larger urban centers.

The stability in population is a positive sign, as many rural areas have faced population decline due to outmigration. However, the lack of significant population growth may also indicate limited economic opportunities or challenges in attracting new residents.

Knox presents a picture of a stable, predominantly white community with modest economic growth. While there are subtle signs of increasing diversity, these changes are occurring at a much slower pace than in many other parts of the country. The economic and demographic stability of the area may provide a sense of continuity for long-term residents, but it may also present challenges in terms of adaptability to changing economic conditions and attracting a diverse workforce.