Louisville currently ranks 10th among its peer cities in median household income with a median income of $55,000. Louisville is in the middle of its peer group according to a natural breaks algorithm.
What is considered middle class in Louisville Ky?
While ZipRecruiter is seeing salaries as high as $121,396 and as low as $17,477, the majority of salaries within the Lower Middle Class jobs category currently range between $30,230 (25th percentile) to $68,964 (75th percentile) with top earners (90th percentile) making $113,365 annually in Louisville.
What is considered middle class in Kentucky?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Kentucky | $43,747 | $52,295 |
| Indiana | $43,310 | $57,603 |
| Mississippi | $41,839 | $45,792 |
| West Virginia | $41,649 | $48,850 |
What is upper class income in KY?
How much does an Upper Class make in Kentucky? As of Jul 11, 2022, the average annual pay for the Upper Class jobs category in Kentucky is $44,822 a year. Just in case you need a simple salary calculator, that works out to be approximately $21.55 an hour. This is the equivalent of $862/week or $3,735/month.
What is the average household income in Louisville Ky?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 23.0 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $54,929 |
What is a good salary in Louisville Ky?
Average Salary in Louisville, KY
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $94,471 | $45 |
| 75th Percentile | $70,853 | $34 |
| Average | $63,340 | $30 |
| 25th Percentile | $46,763 | $22 |
What is the cost of living in Louisville Ky?
Louisville cost of living is 88.4
| COST OF LIVING | Louisville | Kentucky |
|---|---|---|
| Grocery | 97 | 94.2 |
| Health | 86 | 93.9 |
| Housing | 69.6 | 63.3 |
| Median Home Cost | $206,900 | $165,900 |
What is a good salary in Kentucky?
While ZipRecruiter is seeing salaries as high as $134,623 and as low as $18,478, the majority of salaries within the Average jobs category currently range between $43,554 (25th percentile) to $65,991 (75th percentile) with top earners (90th percentile) making $87,988 annually in Kentucky.
What is the wealthiest city in Kentucky?
According to the report, the wealthiest city in Kentucky is Indian Hills.
What is the poorest town in KY?
The poorest town in Kentucky is Franklin, which is near the Kentucky-Tennessee border off of Interstate 65. According to the website, the town of 8,563 has median household income of $30,398 and a poverty rate of 26.2 percent.
What is the average household income in KY?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 23.7 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $52,238 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $29,123 |
What is the richest zip code in Kentucky?
40059
10 Richest Kentucky Zip Codes
| Rank | Zip Code | Mean Income |
|---|---|---|
| 1 | 40059 | $216,271 |
| 2 | 40026 | $166,985 |
| 3 | 40510 | $148,813 |
| 4 | 41091 | $144,642 |
What qualifies as middle class?
So who is in the middle class? Broadly, Pew Research Center defines middle-class households as making two-thirds to double America’s median income. That adds up to an income range of about $30,000 to $90,000 for single Americans in 2020 dollars.
How much do I need to make to live comfortably in Louisville Ky?
In Louisville, the same family structure — two kids and two adults — would need at least $60,700 in order to live a “secure, yet modest living,” according to the report. The study takes into account costs associated with housing, food, child care, transportation, health care, taxes and other necessities.
Is Louisville a poor city?
Louisville ranks 7th among its peer cities in the percentage of residents in poverty. Thirteen point seven percent of Louisvillians live in poverty . Louisville is in the middle cluster of its peer group according to a natural breaks algorithm.
Is Louisville declining?
Louisville has a 2020 population of 344,794. Louisville is currently declining at a rate of -5.75% annually and its population has decreased by -10.88% since the most recent census, which recorded a population of 386,884 in 2010.
How much do you need to live comfortably in Kentucky?
Kentucky’s living wage for an individual is $14.16 an hour, or $29,459 a year. Housing costs an individual $6,907 annually. A family of four requires $20.16 an hour, or $83,274 a year, to cover their basic needs. Annually, they will spend $9,708 on housing, $12,965 on transportation, and $14,955 on childcare.
What is the poverty level in Louisville Ky?
Louisville currently ranks 7th among its peer cities with 22.4 percent of children under the age of 18 living in poverty. The poverty line in 2015 was $15,930 for a family of two and $20,090 for a family of three. Louisville is in the middle of its peer group according to a natural breaks algorithm.
What is minimum wage in Louisville Kentucky?
The minimum wage would go from $7.25 to $10 dollars in 2022, and gradually rise to $15 by 2026. The lawmakers say the increase is needed even though wages are already rising because of the labor shortage.
Is Louisville KY affordable?
Louisville makes Forbes’ list of Most Affordable Cities. National website says Louisville is tops for affordable vacations.
What is the average electric bill in Louisville Ky?
On average, a household consumes 1,130kWh/month. How much does electricity cost in Louisville? The average cost of electricity in Louisville is $90 per month.