Owensboro cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index8487100
Goods & Services index9697100
Groceries index8989100
Health care index9489100
Housing index6270100
Transportation index8997100
Utilities index9194100
Displayed above is a general overview of the Owensboro, KY cost of living index. The overall cost of living index in Owensboro, KY is 84, which is 4% lower than the Kentucky average and 16% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Owensboro, KY are 1% lower than the Kentucky average and 4% lower than the national average.

Did you know?

  • The cost of living in Owensboro is 4% lower than the Kentucky average.
  • The cost of living in Owensboro is 16% lower than the national average.
  • The cost of housing in Owensboro is 38% lower than the national average.
  • Kentucky general sales tax is 18% higher than the national average.
  • Kentucky state income tax is 10% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Owensboro, KY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Owensboro, KY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Owensboro, KY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Owensboro, KY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Owensboro, KY have a median income of $52,051. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,214 per month to avoid calamity and poverty. The renters in the city have an income of about $24,117, which would make their monthly maximum allowable rental costs $563.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Owensboro, KY is the Kentucky sales tax and Kentucky income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Kentucky sales tax rate is 6% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Kentucky income tax rates range from 2% to 6%.

Goods & Services

ItemOwensboroNational avg.Difference
Haircut $16.85$15.568.2%
Beauty Salon $32.83$36.119.1%
Toothpaste $1.64$2.4733.8%
Shampoo $0.90$0.967.1%
Movie $9.13$10.139.8%
Bowling $3.43$4.7427.6%


ItemOwensboroNational avg.Difference
Ground Beef $3.87$3.982.8%
Fried Chicken $1.11$1.4121.4%
Milk $1.52$2.0626.5%
Potatoes $2.61$2.9812.6%
Pizza $9.99$9.475.5%
Beer $7.84$8.7910.8%

Health Care

ItemOwensboroNational avg.Difference
Optometrist $117.91$101.0416.7%
Doctor $90.53$107.4415.7%
Dentist $81.87$90.429.5%
Ibuprofen $8.25$9.2811.1%
Lipitor $445.26$426.504.4%


ItemOwensboroNational avg.Difference
Home Price $104,400.00$175,700.0040.6%
Avg. Mortgage Payment $915.34$1,133.2319.2%
Apartment Rent $637.00$920.0030.8%


ItemOwensboroNational avg.Difference
Gasoline $1.86$1.996.6%
Tire Balancing $36.00$45.7621.3%


ItemOwensboroNational avg.Difference
All Electricity$168.12$163.812.6%
Phone $21.67$28.3923.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Beech Grove, KY44875-25%
Calhoun, KY93478-22%
Hatfield, IN75678-22%
Rockport, IN2,27979-21%
Lewisport, KY1,65680-20%
Owensboro, KY58,00084-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Idaho Falls, ID57,93589-11%
Dubuque, IA58,06891-9%
Cedar Park, TX58,0881000%
Casper, WY57,81596-4%
Bartlett, TN57,80595-5%
Owensboro, KY58,00084-16%
Source: The Owensboro, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.