Housing costs in Owensboro?
A typical home costs
$183,900, which is 45.6% less expensive than the national average of
$338,100 and 5.4% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Owensboro costs
$940 per month, which is 2.2% more than the national average of
$920 and close to the state average of
$930.
Can I afford Owensboro?
To live comfortably in Owensboro (zip 42301), Kentucky, a minimum annual income of
$35,280 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Owensboro?
The cost of living in 42301 Owensboro, KY is fairly affordable with an overall cost of living index of 81.4 compared to the national average of 100. Groceries are particularly inexpensive with an index of 91.5, and other areas such as health care, housing, and transportation also come in at reasonable prices compared to the national average. The median household income in this area is slightly lower than the national average at $44,528, giving residents more purchasing power when it comes to everyday items. Additionally, taxes on goods and services are a few percent lower than the US average. All of these factors make living in 42301 Owensboro, KY a very attractive option for those who want to enjoy all the comforts of home without breaking their budget.