Owensboro, KY at a glance
Median household income
$56,357$4,696 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Owensboro, KY?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Owensboro, KY? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Owensboro, KY MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $840 | $10,080 | $33,600 | 17.9% |
| 1-Bedroom Apartment | $846 | $10,152 | $33,840 | 18% |
| 2-Bedroom ApartmentBenchmark | $1,110 | $13,320 | $44,400 | 23.6% |
| 3-Bedroom Home | $1,466 | $17,592 | $58,640 | 31.2% |
| 4-Bedroom Home | $1,470 | $17,640 | $58,800 | 31.3% |
What a typical income covers in Owensboro, KY
The 50/30/20 rule applied to the local median of $56,357 a year ($4,696 a month before tax).
What $56,357 leaves after Kentucky taxes
Federal income tax, Social Security, Medicare and Kentucky tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Kentucky
Living in Owensboro, KY: common questions
What is the median household income in Owensboro, KY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Owensboro, KY is $56,357 per year (approximately $4,696 per month).
What is the average rent in Owensboro, KY?
The closest official figure is HUD's Fair Market Rent for 2026: $840 for a studio, $846 for one bedroom, $1,110 for two, $1,466 for three and $1,470 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Owensboro, KY expensive to live in?
Prices there run 11.4% below the U.S. average. BEA's regional price parity for the metro area is 88.6, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Owensboro, KY?
To keep a $1,110 two-bedroom under 30% of gross income, a household needs about $44,400 a year, or $3,700 a month. That is 79% of what the typical household in Owensboro, KY earns.
How much do you need to live comfortably in Owensboro, KY?
On the local median income of $56,357 ($4,696 a month before tax), the 50/30/20 rule leaves $2,348 a month for needs like rent, utilities and groceries, $1,409 for everything else and $939 for savings or debt. A two-bedroom at $1,110 takes 47% of the needs share.
How much is the electric bill in Owensboro, KY?
Homes in Kentucky paid 14.3¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $128. Your bill depends mostly on heating and cooling.