Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Owensboro is a medium-sized city located in the state of Kentucky. The city has a population of 59,796 people. According to the most recent Census, 85% of Owensboro residents are White, 7% Black and 2% Asian. If you are not a fan of long commutes, you will enjoy living in Owensboro. With an average one way commute time of only 18 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Owensboro, Kentucky could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. To help you find the best places to live in and around Owensboro, AreaVibes has created a livability score using key metrics like cost of living, commute, health & safety, education, employment and more.
Using data and statistics Owensboro has received a livability score of 70 out of 100. This score is ranked in the 79th percentile when compared to all other cities. There are nine total categories that form the livability score. Owensboro scores well for cost of living (A+), education (B-) and housing (A) There are some categories that Owensboro does not rank well for, including: amenities (F) and employment (D). It might be worth taking a closer look to determine why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Owensboro, the unemployment rate stands at 2.67%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Owensboro market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Assuming that Owensboro meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Owensboro. Everything else becomes a lot less important if it turns out that home prices in Owensboro are simply unattainable. The median home price for Owensboro homes is $125,600, which is 0.4% lower than the Kentucky average. If we take a closer look at the affordability of homes in Owensboro, we’ll see that the home price to income ratio is 2.7, which is 3.6% lower than the Kentucky average.
| Statistic | Owensboro | Kentucky | National |
| Average one way commute | 18min | 23min | 26min |
| Workers who drive to work | 83.9% | 82.2% | 76.4% |
| Workers who carpool | 9.1% | 9.7% | 9.3% |
| Workers who take public transit | 0.7% | 1.1% | 5.1% |
| Workers who bicycle | 0.5% | 0.2% | 0.6% |
| Workers who walk | 1.9% | 2.4% | 2.8% |
| Working from home | 2.7% | 3.3% | 4.6% |
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