Owen County, Kentucky
Income Data
At a Glance
How Owen County Compares
Detailed Income Statistics
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
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Your income is above the Owen County median
County median: $59,706 per year
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vs. State Average
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vs. National Median
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.