Owensboro, KY Cost Of Living
Cost Of Living In Owensboro, KY Summary
Cost of living in Owensboro research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Owensboro is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Owensboro is 88, with 100 being the average.
The cost of living index in Owensboro is 0.9x lower than the national average.
Owensboro ranks as the #27 cheapest in Kentucky out of 85.
Owensboro ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Owensboro is $131,600.
The median income in Owensboro is $47,411.
Table Of Contents
Owensboro's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Owensboro, KY?
According to the most recent data on the cost of living, Owensboro has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Owensboro has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Owensboro ranks as #27 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Owensboro ranks as the #58 most expensive place in the Bluegrass State.
For more reading on life in Owensboro, check out:
- Living In Owensboro
- Owensboro Crime Report
- Search Homes For Sale In Owensboro, KY
In Kentucky
In America
Owensboro Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Owensboro. Here is how it fairs on each of the criteria:
The Services index in Owensboro is 93.
The Groceries index in Owensboro is 92.
The Health index in Owensboro is 92.
The Housing index in Owensboro is 62.
The Transportation index in Owensboro is 97.
The Utilities index in Owensboro is 116.
| Living Expense | Owensboro | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 88 | 94 | 100 | |
| Services | 93 | 105 | 100 | |
| Groceries | 92 | 97 | 100 | |
| Health | 92 | 79 | 100 | |
| Housing | 62 | 75 | 100 | |
| Transportation | 97 | 102 | 100 | |
| Utilities | 116 | 106 | 100 | |
Owensboro, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Owensboro is $131,600.
The Median Rent in Owensboro is $828.
The Median Income in Owensboro is $47,411.
The Home Value To Income in Owensboro is 2.8x.
The Rent To Monthly Income in Owensboro is 0.21x.
| Statistic | Owensboro | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $131,600 | $155,100 | $244,900 |
| Median Rent | $828 | $826 | $1,163 |
| Median Income | $47,411 | $55,454 | $69,021 |
| Home Value To Income | 2.8x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Owensboro, KY Costs By Category
Detailed Owensboro Services Costs Vs. Kentucky
Detailed Owensboro Groceries Costs Vs. Kentucky
Detailed Owensboro Health Costs Vs. Kentucky
Detailed Owensboro Transportation Costs Vs. Kentucky
Detailed Owensboro Utilities Costs Vs. Kentucky
Owensboro SnackAbility
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Cost Of Living In Cities Around Owensboro
The cost of living varies in the cities and towns around Owensboro. Here's a quick look at the cost of living in the most populous nearby places:
Central, LA has a cost of living index of 96, 1.1x Owensboro.
Henderson, KY has a cost of living index of 85, 1.0x Owensboro.
Madisonville, KY has a cost of living index of 86, 1.0x Owensboro.
| City | Population | Cost Of Living | Vs. Owensboro |
|---|---|---|---|
| Central, LA | 29,746 | 96 | 1.1x |
| Henderson, KY | 28,201 | 85 | 1.0x |
| Madisonville, KY | 19,533 | 86 | 1.0x |
| Jasper, IN | 16,231 | 91 | 1.0x |
| Mount Vernon, IN | 6,861 | 86 | 1.0x |
| Boonville, IN | 6,662 | 84 | 1.0x |
| Huntingburg, IN | 6,534 | 84 | 1.0x |
