Louisville is in an economic renaissance with outstanding job growth, new business creation, and billions of new capital investment. Louisville’s growth story also includes maintaining a high quality of life, affordable cost of living, and a cost competitive business environment.
Does Louisville have a good economy?
A national publication has ranked the Louisville region among top metropolitan areas when it comes to economic development. Louisville/Jefferson County ranked No.
What is the main industry in Louisville Ky?
Product manufacturing: Automotive, home appliances, bourbon and more. Louisville is a significant center of manufacturing. Within the city’s limits are two major Ford plants, namely the Kentucky Truck Plant and the Louisville Assembly Plant.
Is Louisville Kentucky 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.
What is Kentucky known for economy?
Manufacturing. Manufacturing is the largest single contributor to Kentucky’s economy, accounting for nearly one-fifth of the state’s gross product.
How is the job market in Louisville Kentucky?
Louisville has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%. – The Sales Tax Rate for Louisville is 6.0%. The US average is 7.3%.
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 |
Who is the largest employer in Louisville Ky?
Louisville’s Largest Employers
| Rank | Name | Local FTEs: 2020 |
|---|---|---|
| 1 | United Parcel Service Inc. | 25,090 |
| 2 | Jefferson County Public Schools | 14,484 |
| 3 | Norton Healthcare Inc. | 13,828 |
| View This List |
Who is the largest employer in Kentucky?
The companies we keep
| Company | Employees | |
|---|---|---|
| 1 | Houchens Industries | 5,467 |
| 2 | Med Center Health | 3,566 |
| 3 | Warren County Public Schools | 2,565 |
| 4 | Western Kentucky University | 1,854 |
Is Louisville a good place to start a business?
Within a day’s drive of two-thirds of the U.S. population, it’s also a strategic location for thousands of companies, including large corporations and growing startups. earned it accolades from far and wide, including Zagat, which named Louisville as a top foodie destination in the world.
Is Louisville KY a good place to live?
Is Louisville a Safe Place to Live? Overall, Kentucky is on par with the rest of the country in terms of crime and safety. The state ranked No. 18 in the Crime Index by USA.com, ranking lower than North Carolina, Texas and California, but higher than Vermont, Maine, Montana and more.
Is Louisville safe?
Louisville rates a 6 on the crime index, with 100 being the safest. The absolute highest crime ratings occur in the western side of the city. There are over 2.289 violent crimes annually, 15,997 property crimes and a total of 18, 286 “reported” crimes in general.
What is Louisville Kentucky known for?
Today, the city is known as the home of boxer Muhammad Ali, the Kentucky Derby, Kentucky Fried Chicken, the University of Louisville and its Cardinals, Louisville Slugger baseball bats, and three of Kentucky’s six Fortune 500 companies: Humana, Kindred Healthcare, and Yum! Brands.
Does Ky have a strong economy?
Kentucky’s GSP in 2019 reached $189.4bn, with growth of 1.0% over the five years to 2019. Kentucky’s GSP growth ranks 42 out of all 50 US states. GSP is a measurement of a state’s output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of an economy.
Is Kentucky a rich state?
Kentucky is the fortieth richest state in the United States of America, with a per capita income of $26,779 (2017).
Is Kentucky a good state to live in?
Is Kentucky a Good Place to Live? Kentucky is an excellent place to live if you’re looking for affordable home prices, a low cost of living, delicious bourbon, top-tier national and state parks, southern friendliness, and did we mention good bourbon!
Is Louisville Kentucky growing?
The current metro area population of Louisville in 2022 is 1,107,000, a 0.82% increase from 2021. The metro area population of Louisville in 2021 was 1,098,000, a 0.83% increase from 2020. The metro area population of Louisville in 2020 was 1,089,000, a 0.74% increase from 2019.
What is the median 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 |
How is the job market in Lexington KY?
Highlights. – Job Growth in Lexington-Fayette has been positive. – Lexington-Fayette has 0.7% more unemployment than Louisville. – Lexington-Fayette job growth has increased by 7.0% in the past 10 years.
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 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.