Key Economic Benchmarks
Median Household Income
$61,134$5,095 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Owen County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Owen County, KY
Official FY2026 HUD Fair Market Rents for Owen County, KY. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $711 | $8,532 | $28,440 | 14% |
| 1-Bedroom Apartment | $758 | $9,096 | $30,320 | 14.9% |
| 2-Bedroom ApartmentBenchmark | $995 | $11,940 | $39,800 | 19.5% |
| 3-Bedroom Home | $1,329 | $15,948 | $53,160 | 26.1% |
| 4-Bedroom Home | $1,389 | $16,668 | $55,560 | 27.3% |
50/30/20 Living Budget in Owen County, KY
Based on the local median household income of $61,134/year ($5,095/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Kentucky
Explore net income after federal income tax, FICA, and Kentucky state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Kentucky with official federal datasets:
Frequently Asked Questions About Living in Owen County, KY
What is the median household income in Owen County, KY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Owen County, KY is $61,134 per year (approximately $5,095 per month).
What is the average rent in Owen County, KY?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Owen County, KY are $711 for a studio, $758 for 1 bedroom, $995 for 2 bedrooms, $1,329 for 3 bedrooms, and $1,389 for 4 bedrooms.
How does the cost of living in Owen County, KY compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Owen County, KY is 90.2 (9.8% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Owen County, KY?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($995/month) in Owen County, KY requires a minimum gross household income of $39,800 per year ($3,317 per month).
What is a balanced 50/30/20 monthly budget in Owen County, KY?
For a typical household earning the median income of $61,134/year ($5,095/month) in Owen County, KY, a balanced 50/30/20 budget allocates $2,547/month to essential needs (rent, utilities, groceries), $1,528/month to discretionary spending, and $1,019/month to savings and debt repayment.
What are typical electricity and utility costs in Owen County, KY?
Residential electricity rates in Kentucky average 14.3¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $128 per month.