According to data from several sources including BestPlaces.net, Louisville’s cost of living is lower than the average cost of living of Kentucky and the United States. Within this report, the median home cost of the United States is $291,700, while the median home cost of Louisville is listed as $206,900.
Is Louisville expensive to live in?
Louisville’s housing expenses are 18% lower than the national average and the utility prices are 3% higher than the national average. Transportation expenses like bus fares and gas prices are 11% higher than the national average. Louisville has grocery prices that are 6% lower than the national average.
What salary do you need to live in Louisville?
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 KY affordable?
Louisville makes Forbes’ list of Most Affordable Cities. National website says Louisville is tops for affordable vacations.
Is it cheaper to live in Louisville or Indiana?
Highlights. Indianapolis is 5.5% less expensive than Louisville.
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 |
Is Louisville KY a fun place to live?
There are so many fun things to do like drive along the river, go to parks, go out to eat, see movies, shop, go see the Louisville Bats Baseball games, visit Churchill Downs, and much more. It’s also a great location geographically because it’s close to many other big cities.
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 it better to live in Louisville or Lexington?
For one, Lexington scores much higher in quality of life, which was calculated by taking into account crime rates, health care options, quality of education, commute times and overall well-being. Louisville scored a 6.0 here, while Lexington touts a 6.9. Lexington also came out ahead in desirability.
Is Lexington or Louisville a better place to live?
Louisville and Lexington each make U.S. News & World Report’s Best Places to Live ranking. Lexington ranks No. 50 with an overall score of 6.7, a quality of life score of 6.8 and a 7.7 in terms of value. Louisville comes onto the list at No.
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.
Why should I move to Louisville Ky?
Many people considering moving to Louisville, KY, are also thrilled with the area’s vast parks and outdoor recreation areas. Within the city, there is plenty of green space and more than 120 parks to enjoy. Popular parks found throughout the city include Cherokee Park, Waterfront Park and Central Park.
What part of Louisville is safest?
If you’re looking for safe, affordable Louisville neighborhoods, here are five great options to consider!
- Bonnycastle.
- Crescent Hill.
- Deer Park.
- The Highlands.
- Old Louisville.
Is Indiana or Kentucky cheaper to live?
Indiana is 3.7% more expensive than Kentucky.
Which city is bigger Indianapolis or Louisville?
Consider some other metro areas on the smaller end of the scale. Say Milwaukee at 1.56 million, Nashville at 1.59 million, and Indianapolis at 1.76 million. These don’t sound that much bigger than Louisville, but consider: Milwaukee is 21% bigger, Nashville is 24% bigger, and Indianapolis is 37% bigger.
What is Louisville tuition?
On-campus students
| Tuition & Fees (KY and So. Indiana** Residents) | $12,324 |
|---|---|
| Meal Plan**** | $4,310 |
| Student Recreation Fee | $196 |
| Total: | $23,710 |
| + Books and Supplies (Average Cost) | $1,200 |
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.
How much money 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 unemployment rate in Louisville Ky?
Louisville-Jefferson County, KY-IN
| Data Series | Dec 2021 | Apr 2022 |
|---|---|---|
| Unemployment Rate(3) | (2)3.3 | 2.8 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(4) | 675.9 | 675.0 |
| 12-month % change | 2.9 | 3.8 |
Does it snow a lot in Louisville Ky?
The US average is 28 inches of snow per year.
Climate Averages.
| Louisville-Jefferson County, Kentucky | United States | |
|---|---|---|
| Snowfall | 8.7 in. | 27.8 in. |
| Precipitation | 115.3 days | 106.2 days |
| Sunny | 195 days | 205 days |
| Avg. July High | 87.6° | 85.8° |
What are the pros and cons of living in Kentucky?
Pros And Cons Of Living In Kentucky
- Low cost of living.
- Good tax breaks for some.
- Tasty regional foods and drinks.
- Abundant outdoor adventures.
- Variety provided by 4 season weather.
- Risks of extreme weather.
- High income and sales taxes.
- Lower quality K-12 education.