Overall
88.6
Cheap
Metro cost profile · 2024 BEA RPP
Owensboro, KY
Cost-of-living indicators for Owensboro, KY, from Bureau of Economic Analysis Regional Price Parities, overall, goods, services, and rents vs the U.S. average of 100.
- 88.6
- Overall RPP
- #320
- of 387 metros
- 55.7
- Rents RPP
- $113K
- $100K national buys
Owensboro ranks #320 of 387 U.S. metros by cost, and its overall price index has held steady since 2008.
- stable since 2008
- similar cost to Springfield
The verdict
Owensboro costs less than 83% of U.S. metros, an overall index of 88.6, 11.4% below the national average, with rents the biggest swing at 55.7.
- bottom 17%
- by overall cost, nationwide
- 96.2
- goods RPP, tradable items
- 75.2
- services RPP, labor-priced
A $100,000 national salary carries the purchasing power of about $112,854 here; matching a $100K lifestyle takes roughly $88,610.
Owensboro vs every U.S. metro
Where this metro sits in the national cost distribution
89 Bottom 17% higher than 17% of 387 US metros
Each bar is a band; taller bars hold more US metros. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Bureau of Economic Analysis, Regional Price Parities · 2024
Owensboro cost breakdown
BEA RPP by category, 100 = national average
- Rents
Rents
55.7 RPP
- Services
Services
75.2 RPP
- Overall
Overall
88.6 RPP
- Goods
Goods
96.2 RPP
What this shows Owensboro's cost structure is housing-led: rents at 55.7 depart furthest from 100, while services sits at 75.2. This is a rent-sensitive profile, not a claim that every local expense moves together.
Goods vs. housing, where Owensboro's cost comes from
Metros near Owensboro's overall cost, plotted by their goods price (horizontal) and housing price (vertical). Same headline RPP, very different structures.
Read the chart as text
- Owensboro (Owensboro, this metro): goods RPP 96.2, rents RPP 55.7
- Springfield: goods RPP 94.2, rents RPP 65.6
- Macon: goods RPP 96.3, rents RPP 58.9
- Charleston: goods RPP 96.3, rents RPP 51.4
- Hickory: goods RPP 96.6, rents RPP 59.6
- Goldsboro: goods RPP 96.6, rents RPP 57.7
- Duluth: goods RPP 95.3, rents RPP 71.1
Price Index Summary
Goods
96.2
Below avg
Services
75.2
Cheap
Rents
55.7
Cheap
Housing-led affordability profile
How Owensboro's cost structure works
Housing is the strongest affordability offset in Owensboro: rents index at 55.7, the component furthest below the national benchmark. That does not make every local expense low, but it is the clearest explanation for the metro's overall RPP of 88.6.
Across all reported metros, the closest component-profile matches are Kingsport-Bristol, TN-VA, Jackson, TN, Farmington, NM. They resemble Owensboro across goods, services, and rents together, so they are stronger structure peers than a place selected only because its overall RPP happens to be nearby.
Across 2008-2024, Owensboro's overall index has stayed within 0.0 points. This is a relative price-level history, not a prediction or a personal affordability recommendation; pair it with current local wages and housing options before making a decision.
Salary Equivalent
A $100,000 salary at the national average cost of living equals:
$88,610
in Owensboro, KY purchasing power
$50,000 nationally
$44,305
$75,000 nationally
$66,458
$125,000 nationally
$110,763
$150,000 nationally
$132,915
$200,000 nationally
$177,220
Use the salary calculator for custom amounts.
Affordability score
A
91/100
How far the median local paycheck goes here, combining income and housing cost
Purchasing power
Not reported
Housing affordability A
91st percentile
A weighted composite (60% purchasing power, 40% housing affordability) percentile-ranked against every other tracked metro; a missing input redistributes its weight rather than deflating the score. Sources: Census ACS 5-Year 2023 (income) + BEA Regional Price Parities 2024 (cost). Vintages differ by design; see methodology.
Latest BEA release change
What changed from 2023 to 2024
Owensboro's overall RPP fell -0.9 points, from 89.5 in 2023 to 88.6 in 2024. The largest category movement was services, changing from 80.9 to 75.2. This is a relative change against the national benchmark, not a household's dollar bill.
RPP History (2008-2024)
The cost of living has remained relatively stable, changing by only 0.0 points over this period. The largest single-year move was in 2018, when the index dropped 5.7 points from the year before, a bigger swing than the full 2008-2024 change.
Owensboro overall RPP, 2008-2024
Every year on record, national average = 100
| Year | Overall |
|---|---|
| 2008 | 88.6 |
| 2009 | 88.6 |
| 2010 | 90.1 |
| 2011 | 91.9 |
| 2012 | 93.7 |
| 2013 | 92.3 |
| 2014 | 92.1 |
| 2015 | 92.3 |
| 2016 | 92.1 |
| 2017 | 93.6 |
| 2018 | 88.0 |
| 2019 | 89.3 |
| 2020 | 89.0 |
| 2021 | 87.5 |
| 2022 | 88.6 |
| 2023 | 89.5 |
| 2024 | 88.6 |
Decision peers
Metros with a similar cost mix
These metros are closest to Owensboro's combined goods, services, and rents profile. They may not have the same overall RPP, but their price pressures are shaped in a similar way.
Kingsport-Bristol, TN-VA
Goods 96.2 · Services 75.9 · Rents 56.5 Jackson, TN
Goods 96.2 · Services 72.6 · Rents 56.6 Farmington, NM
Goods 96.1 · Services 77.9 · Rents 56.6 Hot Springs, AR
Goods 93.6 · Services 74.3 · Rents 57.3 Jonesboro, AR
Goods 93.6 · Services 75.0 · Rents 53.8 Lawton, OK
Goods 93.8 · Services 73.0 · Rents 57.4
Metros with Similar Cost of Living
These metros have an overall RPP closest to Owensboro, KY's index of 88.6.
Showing the 6 closest of 387 metro areas tracked nationally.
KY-relative analysis
Rent prices places Owensboro, KY toward the bottom of KY's metros
Among the 6 KY metros PlainCost tracks with reported rent prices data, Owensboro, KY ranks #5 - the 17th percentile within the state. This is a different, narrower cut than the nationwide rank above: it compares Owensboro, KY only against its own state's metros, not the full US field.
Goods prices
#1 of 6
33rd percentile in KY
Services prices
#3 of 6
50th percentile in KY
Rent prices
#5 of 6
17th percentile in KY
Ranked by raw value (highest first); a higher rank is not automatically "more expensive is worse", see the national comparison above for direction context. This is a comparison within KY only, not a livability score.
Nationwide metros with similar overall cost or rent prices
Two BEA RPP-derived peer sets for Owensboro, KY: nearest metros by overall regional price parity and by rents RPP. These are cross-state neighborhoods, not the in-state metro list below.
Similar overall RPP
Nearest metros by overall regional price parity (88.6 here).
Similar rents RPP
Nearest metros by rents regional price parity (55.7 here).
Other KY Metros
Louisville/Jefferson County, KY-IN 93.1 Lexington-Fayette, KY 92.9 Elizabethtown, KY 90.6 Bowling Green, KY 90.2 Paducah, KY-IL 86.1
View all KY metros → Cheapest in KY → Most expensive in KY →
Compare to Other Metros
Cost of living guides →, cheapest and most-expensive metro rankings, salary negotiation with RPP data, and step-by-step comparison walkthroughs.
Shareable data card
Take this cost snapshot with you
Download the data card or share this exact metro record. The card uses the same BEA-derived values shown above.
What this means for Owensboro
How to read Owensboro's cost of living before a move, a job offer, or a budget.
- Budget to local prices, not headline pay, a $100K national salary spends like about $112,854 in Owensboro. Salary calculator
- Start with rents: it indexes at 55.7, the largest departure from the national benchmark in this metro's BEA cost mix. Compare it with the other components before treating the overall RPP as a complete household budget.
- Compare Owensboro head-to-head against a specific destination before you decide. Compare metros
RPP is BEA's annual price-level benchmark for the data year shown, not a live market quote. Pair it with current local wages and housing costs before deciding.
Frequently Asked Questions
What is the cost of living in Owensboro, KY?
Owensboro, KY has a Regional Price Parity (RPP) index of 88.6, meaning it is 11.4% less expensive than the national average. Goods are indexed at 96.2, services at 75.2, and rents at 55.7. It ranks #320 out of 387 U.S. metro areas by overall cost.
What salary do I need in Owensboro, KY to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $88,610 in Owensboro, KY. Conversely, $100K earned in Owensboro, KY has the purchasing power of $112,854 at the national average.
How expensive is rent in Owensboro, KY?
Rents in Owensboro, KY are indexed at 55.7, which is 44.3% below the national average. This makes the area relatively affordable for renters.
Is Owensboro, KY getting more expensive?
From 2008 to 2024, Owensboro, KY's overall cost index changed by +-0.0 points (from 88.6 to 88.6). The cost of living has remained relatively stable.
What costs the most in Owensboro, KY?
The priciest category in Owensboro, KY is goods at 96.2, 3.8% below the national average, still the highest of the three categories. The most affordable category is rents at 55.7, 44.3% below average.
What metros have a similar cost of living to Owensboro, KY?
Metros with the most similar overall cost index include Springfield, Macon-Bibb County, Charleston. These areas have RPP values within a few points of Owensboro, KY's 88.6.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.