Quick facts: Owensboro, KY

Quick Facts

99.8
Cost of Living
below US average
60,037
Population
38.16
Crime Rate per 1000
above US average
$51,982
Median Income
below US average
$259,000
Median House Price
above US average
$889.58
Average Rent
below US average
15%
Poverty Rate
above US average
5.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $51,982.

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Income Needed to Buy

βœ— Stretch
$81k/year
Based on $259,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $81k vs median $51,982
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Income Needed to Rent

βœ“ Affordable
$38k/year
Based on $889.58/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($51,982) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Owensboro, KY

Owensboro is a vibrant city located in Daviess County, Kentucky. Known for its rich cultural heritage and vibrant arts scene, Owensboro sits along the Ohio River, providing picturesque waterfront views. The city's population is around 60,000, making it one of the largest cities in Kentucky. A key highlight of Owensboro is its music culture, particularly bluegrass and blues, with events like the annual Owensboro Bluegrass Festival attracting artists and fans from all over. The city also boasts a variety of parks, recreational facilities, and outdoor activities, particularly along the riverfront. Culinary enthusiasts will appreciate Owensboro's famous barbecue, often celebrated at the International Bar-B-Q Festival. The city is home to several cultural institutions, including the Owensboro Museum of Fine Art and the Kentucky Wesleyan College. With a mix of history, music, outdoor activities, and flavorful food, Owensboro offers a unique Southern charm that appeals to residents and visitors alike. Whether you're exploring its cultural landmarks or enjoying a Riverside walk, Owensboro embodies the spirit of Kentucky.

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