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.
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 living wage in Louisville?
$21,515. Required annual income before taxes.
What is a livable salary in Kentucky?
Living Wage Calculation for Kentucky
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $15.46 | $34.49 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $7.25 | $7.25 |
What is middle class in Louisville Ky?
As of Jul 26, 2022, the average annual pay for the Lower Middle Class jobs category in Louisville is $51,950 a year. Just in case you need a simple salary calculator, that works out to be approximately $24.98 an hour.
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 the minimum wage in Louisville Ky?
The minimum wage would go from $7.25 to $10 dollars in 2022, and gradually rise to $15 by 2026.
Is Louisville low cost of living?
Conclusion. Louisville, Kentucky, is undoubtedly an affordable place to live. The cost of living sits below the national average and below that of many other cities in the country.
Is Louisville cheap to live?
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 KY affordable?
Louisville makes Forbes’ list of Most Affordable Cities. National website says Louisville is tops for affordable vacations.
What is middle class in KY?
The middle class is usually defined as the group of earners in the center of the earning scale.
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 in Kentucky?
While ZipRecruiter is seeing salaries as high as $90,188 and as low as $17,598, the majority of salaries within the Upper Class jobs category currently range between $33,875 (25th percentile) to $58,952 (75th percentile) with top earners (90th percentile) making $73,030 annually in Kentucky.
What is a good hourly wage in KY?
$12.48 is the 25th percentile. Wages below this are outliers. $21.57 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Kentucky.
| City | Covington |
|---|---|
| Annual Salary | $45,257 |
| Monthly Pay | $3,771 |
| Weekly Pay | $870 |
| Hourly Wage | $21.76 |
What is considered rich in Kentucky?
The site used U.S. Census Bureau income data to determine the salary a household needs to earn to be in the city’s top 20% of earners – what they define as “rich.” In Louisville, you’ll need to earn $106,805 or more to be considered a “rich” person in the top 20% of the city’s 617,790 residents.
What is considered low income in KY?
Income Limits
| Family Size | Extremely Low 30% | Median Income |
|---|---|---|
| 1 Person | $17,600 | $53,300 |
| 2 People | $20,100 | $60,900 |
| 3 People | $23,030 | $68,500 |
| 4 People | $27,750 | $76,100 |
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 the poorest city in Kentucky?
The poorest city in Kentucky is Albany. The median household income is $18,824 annually, and the mean household income is $29,889. The richest city that had no minimum household number is Glenview.
Is Louisville KY a poor city?
Louisville currently ranks 15th among its peers in rates of multidimensional poverty with 14.5% of residents living in multidimensional poverty.
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.
What states have a $15 an hour minimum wage?
Where are $15 minimum wages? Besides California and New York, nine states are headed to a $15 pay base over the next four years – Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, New Jersey, Rhode Island and Virginia.
Who has the highest minimum wage?
Those with the highest minimum wages include Seattle, Emeryville, Mountain View, Sunnyvale, and Palo Alto.
- The Push for Higher Minimum Wages.
- Seattle: $17.27 per Hour.
- Emeryville: $17.68 per Hour.
- Mountain View: $17.10 per Hour.
- Sunnyvale: $17.10 per Hour.
- Palo Alto: $16.45 per Hour.
- The Bottom Line.