Cost of Living in Daviess County, Kentucky

$906/mo
Median Monthly Rent
$185,800
Median Home Value
18% above state averageUnaffordable

At a Glance

Median Monthly Rent
$906/mo
18% above state average
Median Home Value
$185,800
34% below national
Rent-to-Income Ratio
26.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Daviess County Compares

Median monthly rent comparison

Daviess County$906/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$906/mo
Median Gross Rent
$185,800
Median Home Value
$964/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio16.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Daviess County, Kentucky?
Daviess County, Kentucky has a median monthly rent of $906/mo and a median home value of $185,800. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Daviess County?
The median gross rent in Daviess County is $906/mo. This is 18% above state average for Kentucky.
Is Daviess County affordable?
Daviess County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Daviess County's rent compare to the state average?
Daviess County's median rent of $906/mo is 18% above state average of $771/mo for Kentucky.
What is the median home value in Daviess County?
The median home value in Daviess County, Kentucky is $185,800. This is 34% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.