Cost of Living in Owsley County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Owsley County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Owsley County, Kentucky
Owsley Faces Acute Housing Affordability Crisis
Owsley County residents spend a staggering 21.3% of income on rent—the highest burden among these eight counties and well above Kentucky's 17.0% average. With median household income of only $31,064, the lowest in the group, renters here face genuine hardship as $551 monthly rent consumes disproportionate earnings.
Kentucky's Deepest Affordability Crisis
Owsley County represents Kentucky's most severe housing affordability challenge, combining the state's lowest incomes with one of its highest rent burdens. This county urgently needs intervention, as its 21.3% rent-to-income ratio far exceeds healthy levels and statewide averages.
Owsley's Poverty Stands Apart
Owsley's median income of $31,064 is nearly half Nicholas County's ($53,616) and far below even poorer neighbors; only this analysis identifies Owsley's distinct crisis. Though rent is cheap in absolute terms ($551), it consumes a larger percentage of income than in any surrounding county, signaling structural economic distress.
Housing Consumes a Dangerous Share
Owsley County residents earning $31,064 annually spend 21.3% on rent ($551) and 15.8% on mortgage costs ($409), leaving fewer dollars for food, healthcare, transportation, and childcare than any peer county. Over 37% of income goes to housing alone, forcing impossible choices on essential needs.
Owsley: Not Recommended Without Support
Relocating to Owsley County makes sense only with substantial savings, outside income, or local family support—the county's wages and affordability crisis make independent living extraordinarily difficult. If considering relocation here, ensure you have financial cushion; rents may be low, but incomes offer little comfort.
Affordability Calculator
See how your income compares to housing costs in Owsley County
Rent Burden
21.3%
of gross income
Max Housing (28% Rule)
$725
per month
Owner Cost Burden
15.8%
of gross income
You can likely afford the median home in Owsley County
Median home value is $79,900. Estimated monthly cost: $638 vs. your max of $725.
Rent Affordability Guide
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.