Owensboro, KY Metro Area is an attractive place for people to live due to its relatively low cost of living. According to the data provided, 2-bedroom rent in the Owensboro metro area is about $930 which is significantly lower than the US average of $1,430. Similarly, grocery costs index in Owensboro is 92 versus 100 in the US as a whole. These savings can be beneficial for those looking to stretch their income further.
In addition to being affordable, Owensboro offers plenty of local job opportunities with well-known employers like WURTH Louis and Company, LSC Communications US LLC, and Kentucky Legend Distillery all based here. Moreover, there are plenty of recreational activities available such as visiting museums and theatres or enjoying the outdoors along scenic rivers and lakes. All these factors make Owensboro an ideal place to live both economically and socially.
Owensboro Metro Area has an unemployment rate of 5.0%. The US average is 6.0%.
Owensboro Metro Area has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Owensboro Metro Area
- The Sales Tax Rate for Owensboro Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Owensboro Metro Area 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 Metro Area
- The average income of a Owensboro Metro Area resident is $31,151 a year. The US average is $37,638 a year.
- The Median household income of a Owensboro Metro Area resident is $58,036 a year. The US average is $69,021 a year.