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EconPulse

Local economy signal dashboard

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PLACEStable

Owensboro, KY

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score62out of 100
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62
47
55
73
91

Population

60,302

Data freshness

Unknown

GDP / Output

+3.3% YoY

62

$6.2B

Output changed +3.3% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

47

5.3%

Unemployment is 5.3% for Latest available.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

+0.8% 5-year

55

60,302

Population moved +0.8% over the latest ACS window.

Vintage date unknown

State population4,534,824
U.S. population334,922,499

Housing

Rent share of income

73

19.3%

Median rent consumes 19.3% of median household income: Affordable.

Vintage date unknown

State rent$967
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.1K per resident

91

$728.4M

$728.4M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$173.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$728.4M

$7.1K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$560.8M
2. Department of Veterans Affairs$58.9M
3. Department of Transportation$42.2M

Top recipients

Dollars
1. EXECUTIVE OFFICE OF THE COMMONWEALTH OF KENTUCKY$33.5M
2. AUDUBON AREA COMMUNITY SERVICES, INC.$26.2M
3. KENTUCKY COMMUNITY & TECHNICAL COLLEGE SYSTEM$9.6M

Affordable

Housing Affordability

19.3%

of median income

1BR estimate$742
2BR estimate$977
Median income$56,357
Median home value$178,900

ACS context

Quick Facts

Population

60,302

Median age

37.5

Bachelor's degree+

26.1%

Poverty rate

18.9%

Labor force participation

59.4%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.2%

GDP CAGR

+4.5%

Federal flow

5 years

Population (5 years)
202059,796
202159,839
202260,019
202360,112
202460,302
GDP (5 years)
2020$4.9B
2021$5.1B
2022$5.5B
2023$6.0B
2024$6.2B

2-year linear forecast

Predictive Outlook

Population forecast

202460,302
202560,399 *
202660,528 *

R² = 96.7% · * projected

GDP forecast

2024$6.2B
2025$6.5B *
2026$6.8B *

R² = 97.7% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$56,357/yr
Median rent$905/mo
Rent share of income19.3%
Est. mortgage (30yr, 6.5%)$10,855/yr
Mortgage share of income19.3%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.3%
State avg4.7%
U.S. avg5.2%
Labor force participation59.4%
Poverty rate18.9%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$178,900
Median monthly rent$905
Price-to-rent ratio16.5x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score57/100
Economic growth62/100
Labor market47/100
Population momentum55/100
Overall stability62/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Owensboro city, Kentucky

City/Town

Part of

Owensboro, KY

Nearby locations

Sorgho, KYThruston, KYPhilpot, KYMasonville, KYMoseleyville, KY