Owensboro, KY is a vibrant city located in the southwestern region of the state. With a population of 59,000 people, it is a great place for those looking to settle down in Kentucky. The cost of living is quite reasonable, with two bedroom rents averaging $960 compared to the US average of $1,430. Additionally, grocery costs are more affordable at 92 on the Grocery Cost Index versus the US average of 100. The city boasts many local attractions and businesses such as Owensboro Health Regional Hospital and Museum of Science & History, making it a great place to live and work. There are also several restaurants and retail stores that provide plenty of options for dining out or shopping around town.
Owensboro has an unemployment rate of 5.1%. The US average is 6.0%.
Owensboro has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Owensboro
- The Sales Tax Rate for Owensboro is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Owensboro is 7.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Owensboro
- The average income of a Owensboro resident is $21,343 a year. The US average is $28,555 a year.
- The Median household income of a Owensboro resident is $47,411 a year. The US average is $69,021 a year.