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This question is about Owensboro, KY.
What is a good salary in Owensboro, KY?
A good salary in Owensboro, KY is anything over $42,000. That's because the median income in Owensboro is $42,000, which means if you earn more than that you're earning more than 50% of the people living in Owensboro. The average salary in Owensboro is $47,534.
A good hourly wage in Owensboro is $20.19 per hour. That works out to a good weekly wage of $807 per week and a good monthly wage of $3,500 per month. However, using the median income is only one way to calculate a good salary in Owensboro.
Another way to calculate a good salary in Owensboro is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $113,400, a good salary in Owensboro would be $22,680.
Lastly, we can determine a good salary in Owensboro by looking at the cost of living and comparing it to the US average salary. The cost of living in Owensboro is 14% lower than than the national average. The national average salary is $56,310, so a good salary in Owensboro is anything over $48,426 by this measure.
Average Annual Salary in Owensboro, KY
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $31,000 | $2,583 | $596 | $14.9 |
| Median | $42,000 | $3,500 | $807 | $20.19 |
| 75th | $58,000 | $4,833 | $1,115 | $27.88 |
| 90th | $76,000 | $6,333 | $1,461 | $36.54 |
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