Affordable

What Salary Do You Need to Live in Owingsville?

To afford a 2-bedroom in Owingsville, you need to earn at least $21,200/year based on estimated fair market rent data. The median household income here is $38,255, which means the typical resident is $17,055 above the threshold.

Census ACS Data Pop. 1,960

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$371	$1,237	$14,840	$-23,415
1 Bedroom	$440	$1,467	$17,600	$-20,655
2 Bedroom BENCHMARK	$530	$1,767	$21,200	$-17,055
3 Bedroom	$647	$2,157	$25,880	$-12,375
4 Bedroom	$795	$2,650	$31,800	$-6,455

Affordability Breakdown

Where the required salary line crosses above Owingsville's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$38,255

Annual household

2BR Required Salary

$21,200

Under 30% rule

Income Gap

+$17,055

Surplus

Verdict

Affordable

Ratio: 16.6%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Owingsville

Your Annual Salary

Pre-filled with Owingsville's median household income

Max monthly rent you can afford$956

Studio

$371/mo

1 BR

$440/mo

2 BR

$530/mo

3 BR

$647/mo

4 BR

$795/mo

Your salary is $0 above the median income in Owingsville.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Owingsville's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Owingsville

Living in Owingsville is well within reach for most median-income earners. With a $17,055 cushion between what residents earn and what a 2-bedroom requires, households in Owingsville typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Owingsville, a studio at $371/month offers an even more aggressive savings rate. Even a 3-bedroom at $647/month remains accessible for dual-income households earning above $25,880.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $31,800 would position you well — though many residents in Owingsville manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Owingsville, Kentucky.

With a total population of 1,960, the city supports an active civilian workforce of 748 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $21,200 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

748

Active civilian employees in Owingsville

Frequently Asked Questions About Renting in Owingsville

What salary do I need to live in Owingsville, Kentucky?

To afford a 2-bedroom in Owingsville under the 30% rule, you need an annual salary of at least $21,200. The median household income in Owingsville is $38,255.

Can I afford a 2-bedroom in Owingsville on $38,255?

The affordability verdict for Owingsville is "Affordable". The rent-to-income ratio is 16.6%, meaning median earners have a $17,055 surplus.

What is the average rent in Owingsville compared to median income?

The median gross rent in Owingsville is $440/month. With a median household income of $38,255, residents spend approximately 16.6% of their income on rent.

What salary do I need for a studio in Owingsville?

A studio in Owingsville rents for approximately $371/month. Under the 30% rule, you need an annual salary of $14,840 to afford this.

Is Owingsville considered an affordable place to live?

Based on the surplus of $17,055 and an affordability verdict of "Affordable", Owingsville is considered a affordable rental market when comparing the required 2-bedroom salary of $21,200 to the local median household income.

How Owingsville Compares

Other cities in Kentucky with salary requirements