Owensboro, KY is located in 42301 and has a population of 59,709 according to the 2020 census. The cost of rent for a two bedroom apartment is $940 on average, which is lower than the US average of $1,430. Additionally, the Grocery Cost Index for Owensboro is 92 compared to the national average of 100. The city of Owensboro is home to several major businesses and companies such as Houchens Industries, Cintas Corporation, and Kenergy Electric Cooperation. In addition to these large employers, Owensboro also has numerous small businesses including locally owned restaurants, stores, and service providers that make up the local economy.
Owensboro (zip 42301) has an unemployment rate of 5.1%. The US average is 6.0%.
Owensboro (zip 42301) 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 (zip 42301)
- The Sales Tax Rate for Owensboro (zip 42301) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Owensboro (zip 42301) 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 (zip 42301)
- The average income of a Owensboro (zip 42301) resident is $22,496 a year. The US average is $28,555 a year.
- The Median household income of a Owensboro (zip 42301) resident is $53,202 a year. The US average is $69,021 a year.