Cost of Living in Owensboro, KY
Housing
The housing market plays a significant role in determining the cost of living in Owensboro, KY.
- Housing Index: Data is updating
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the current housing data for Owensboro, KY, the median home price is relatively affordable at 185000. However, the housing index, along with the average rents for both 2BR apartments and houses being at 0.0, suggests limited availability or data reporting issues. This could indicate an opportunity for prospective buyers to invest in property, especially if they aim to enjoy the benefits of homeownership rather than renting long-term. It's crucial to conduct further research on local market conditions, amenities, and overall growth potential before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Owensboro, KY.
- Electricity Price: $12.87 USD (median by state)
- Natural Gas Price: $22.78 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Owensboro, KY could entail higher utility costs. Electricity costs sit at $12.87, while natural gas is priced at $22.78 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Owensboro is a financially viable option for your relocation.