A new home, a new city, new friends, maybe a new job—it’s exhilarating and overwhelming! It is difficult to know exactly what you’re getting into when you move to a new city. The biggest unknown is always the cost of living. How much will it cost to rent or purchase a new home? What about utility costs? taxes? groceries? These are the questions clients have when faced with relocation. Below you will find information about the cost of living and quality of life in Owensboro, Kentucky
Cost of Living:
Owensboro has a Cost of Living index of 84.9, that’s 15.1% lower than the US average. It is difficult in today’s economy to find a city that is affordable to live in yet still supplies the benefits of “metropolitan” living and an airport. Owensboro has all of that and is growing!
In five of the main categories of cost of living and quality of life (grocery, housing, median home cost, utilities and transportation) Owensboro is well below the national average. Housing is the most significant factor in the cost of living difference. Because even if a city has a great cost of living in the other categories, it doesn’t mean anything if you cannot afford a home.
Trying to find a city that is both enjoyable to live in while remaining affordable is extremely difficult. Owensboro, Kentucky is one of the few cities that has a rich quality of life. Known as the city of festivals, from Friday after Friday, Owensboro Symphony Orchestra, Blues and Bourbon, there’s always something to do.
With a riverfront that has one of the largest play parks in the country, high quality educational system, and a skilled workforce, the Owensboro Kentucky community has put into place initiatives to develop and to thrive. If you have been putting off the move to Owensboro Kentucky because you have been unsure of the cost of living and the quality of life then you have absolutely nothing to worry about. Come check out my hometown… You’ll see why I chose to return home and have stayed! -Angela Clark
QUICK FACTS: Owensboro & Daviess County, Kentucky
City of Owensboro, KY Population: 58,350
Daviess County KY 2016 Population: 99,674 (73% urban, 27% rural)
Land area: 462 sq. mi.
Water area: 13.9 sq. mi.
Time Zone: Central
Employment by Industry: Professional, scientific, management, administrative, and waste management services (22.8%), Educational, health and social services (11.7%).
Housing is the biggest factor in the cost of living difference. And you could not find a better resource for housing and real estate than myself and my team at Tony Clark Realtors. Tony Clark Realtors® represents home buyers, home sellers, and property owners since 1976. When you choose Tony Clark Realtors® for your real estate needs, you can have peace of mind as to the high value and quality of service you’ll receive.
Photography credit: Mark Rush Photography @2020