Owen County, Kentucky

Income Data

+7% vs. Kentucky average
$59,706
Median Household Income
$30,071
Per Capita Income

At a Glance

Median Household Income
$59,706
+7% vs. state avg
Per Capita Income
$30,071
-24% vs. national
Income-to-Housing Ratio
36.2%
income as % of home value
Rank in Kentucky
#46 / 120
by median household income

How Owen County Compares

Owen County$59,706
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$59,706
Median Household Income
$30,071
Per Capita Income
$165,000
Median Home Value
36.2%
Income-to-Housing Ratio

Data Story

About Household Income in Owen County, Kentucky

Owen County earns above state average

Owen County's median household income of $59,706 trails the national median of $74,755 by $15,049, a 20% gap that's narrower than most Kentucky counties. This income level exceeds Kentucky's state average of $55,909 by $3,797, positioning Owen above typical state earnings. Owen ranks in the middle range nationally for household income.

Upper-middle earner in Kentucky

At $59,706, Owen County beats Kentucky's state median of $55,909 and exceeds roughly 60% of state counties. The per capita income of $30,071 also exceeds the state average of $29,616 by 1.5%, indicating relatively balanced wealth distribution. Owen ranks comfortably in the upper-middle tier statewide.

Strong earner in regional context

Owen ($59,706) outearns Muhlenberg ($52,672), Nicholas ($53,616), and Ohio County ($54,369) by $6,000-$7,000 each, but trails Nelson ($67,888) and Pendleton ($66,601). The $7,182 gap with Nelson suggests neighboring areas offer slightly better opportunities, likely due to proximity to larger employment centers. Owen still maintains respectable income standing regionally.

Housing remains comfortably affordable

Owen County's rent-to-income ratio of 15.6% indicates households dedicate well under one-sixth of income to rent, meeting affordability standards. The median home value of $165,000 is reasonable relative to the $59,706 household income level. Housing costs allow meaningful budget room for savings and other needs.

Solid foundation for long-term investing

Owen County households earning $59,706 have sufficient breathing room to balance immediate expenses with long-term wealth building. Establishing automated retirement contributions and a modest investment portfolio creates compound growth potential over decades. Financial advisors recommend Owen residents lock in employer matches and diversify beyond home equity.

Frequently Asked Questions

What is the median household income in Owen County, Kentucky?
The median household income in Owen County, Kentucky is $59,706, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Owen County?
The per capita income in Owen County is $30,071, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $59,706.
How does Owen County compare to the Kentucky average?
Owen County's median household income of $59,706 is higher than the Kentucky state average of $55,909. The per capita income is $30,071, compared to the state average of $29,616.
What is the per capita income in Owen County, Kentucky?
The per capita income in Owen County, Kentucky is $30,071, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Owen County income higher than the Kentucky average?
Owen County's median household income of $59,706 is higher than the Kentucky average of $55,909. This difference of $3,797 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Owen County rank for income in Kentucky?
Owen County ranks #46 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $59,706 and per capita income of $30,071, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Owen County

$
1.00x

Your income is above the Owen County median

County median: $59,706 per year

vs. County Median

+0%

vs. State Average

+7%

vs. National Median

-20%

vs. Owen County MedianAbout equal
vs. Kentucky Average7% above
vs. National Median20% below

Income Adequacy

Monthly income covers median rent6.4x

Your monthly income ($4,976) vs. median rent ($775/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Owen County, Kentucky? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Kentucky

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.