Cost of Living in Daviess County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Daviess County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Daviess County ranks #2,385 of 3,144 counties for affordability (bottom 24%)
Data Story
About Cost of Living in Daviess County, Kentucky
Daviess County Rents Remain Affordable
Daviess County renters spend 16.6% of their income on housing, below Kentucky's 17% state average and well within the 30% national affordability threshold. With a median household income of $65,323 and median rent of $906, this western Kentucky county offers reasonable housing costs relative to local earning power.
Kentucky's Better-Earning Affordable County
Daviess County combines one of Kentucky's stronger median incomes ($65,323) with an affordable rent-to-income ratio of 16.6%, positioning it as one of the state's most stable housing markets. This balance of wages and affordability is rare among Kentucky's rural counties.
Higher Rents But Higher Incomes Too
Daviess County's $906 rent runs the second-highest in this dataset after Clark County ($883), but its $65,323 median income is also among the strongest. This earning power supports Daviess's higher housing costs while maintaining strong affordability ratios.
Balanced Costs for Renters and Buyers
Renters spend $906 monthly while homeowners pay $964, with median home values at $185,800. At just 16.6% of income going to housing, Daviess County households maintain substantial flexibility for other financial priorities.
Strong Job Market Plus Affordable Housing
Daviess County (home to Owensboro) attracts relocators seeking better-than-average incomes combined with affordable housing costs—a rare combination in rural Kentucky. Compare its 16.6% rent burden and $65,323 median income to Clark County ($67,824) to weigh your options in western Kentucky.
Cost of Living Advisory: Daviess County
Affordability Verdict
Daviess County offers affordable rental housing at a median of $906/month — about 16.6% of the typical household income here.
Rent vs. Own
Renters in Daviess County pay $906/month on average, compared to $964/month for homeowners. This market favors renters by about 6%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,240/year. For owner costs at the 28% rule, the required income is roughly $41,314/year. With a median household income of $65,323, most households can comfortably afford rent here. Notably, 26.0% of renter households in Daviess County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Grant County where rent averages $855/month, Daviess County is approximately 6% more expensive.
Affordability Calculator
See how your income compares to housing costs in Daviess County
Rent Burden
16.6%
of gross income
Max Housing (28% Rule)
$1,524
per month
Owner Cost Burden
17.7%
of gross income
You can likely afford the median home in Daviess County
Median home value is $185,800. Estimated monthly cost: $1,483 vs. your max of $1,524.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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