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.
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What is a comfortable salary for Louisville Ky?
Louisville, Kentucky. Louisville’s relatively modest cost of living helps contribute to incomes needed to live comfortably that are just over $70,000 for both renters and buyers.
What is a good salary in Louisville Ky?
Full Time Salary in Louisville, KY
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $57,217 | $4,768 |
| 75th Percentile | $31,682 | $2,640 |
| Average | $49,483 | $4,123 |
| 25th Percentile | $23,643 | $1,970 |
What’s the average cost of living in Louisville Kentucky?
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 |
Is it expensive to live in Louisville Ky?
Louisville’s housing expenses are 20% lower than the national average and the utility prices are 6% lower than the national average. Transportation expenses like bus fares and gas prices are 3% higher than the national average. Louisville has grocery prices that are 11% lower than the national average.
What’s the average salary in Louisville Kentucky?
Workers in the Louisville/Jefferson County, KY-IN Metropolitan Statistical Area had an average (mean) hourly wage of $23.66 in May 2020, about 13 percent below the nationwide average of $27.07, the U.S. Bureau of Labor Statistics reported today.
How much do you need to make to live comfortably in Kentucky?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $22,509 | $50,551 |
| Annual taxes | $5,540 | $12,441 |
| Required annual income before taxes | $28,048 | $62,992 |
What is the average pay in the US?
The average annual wage in 2019 in the US was $51,916.27, and the median annual wage was $34,248.45. The median wage is the wage “in the middle,” while average refers to the measure of central tendency for all the data. There is a big difference between the average and median wage data.
Is Louisville a cheap place to live?
Greater Louisville is not only progressive, it’s affordable. Trulia.com ranked Louisville as the 3rd Most Affordable Place to Live in the U.S. and Smart Asset ranked Louisville 8th in their Top 10 Cities for First-Time Homebuyers list.
How much is an average electric bill in Louisville Ky?
Cost of Living in Louisville
| Restaurants | Edit |
|---|---|
| Utilities (Monthly) | Edit |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 154.28$ |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.10$ |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 57.12$ |
Is Louisville Ky cheap?
The cost of living in Louisville, KY, is fairly affordable and comes in below the national average.
What is the best area to live in Louisville Ky?
If you’re thinking about living in Louisville, here are the best neighborhoods for raising a family!
- Bonnycastle.
- Clifton Heights.
- Crescent Hill.
- Hayfield Dundee.
- Highlands Douglass.
Is it cheaper to live in Kentucky or Tennessee?
According to CNBC’s “America’s 10 Cheapest States to Live,” Kentucky is ranked 10th thanks to low business costs (ranked 3rd) and a low cost of living (ranked 10th).Tennessee took the seven spot in the rankings thanks to great infrastructure, a business friendly environment, and a good economy.
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.
What is the unemployment rate in Louisville Ky?
– The Sales Tax Rate for Louisville is 6.0%.
Income and Salaries for Louisville.
| ECONOMY | Louisville-Jefferson County, Kentucky | United States |
|---|---|---|
| Unemployment Rate | 5.0% | 6.0% |
| Recent Job Growth | -5.3% | -6.2% |
| Future Job Growth | 38.3% | 33.5% |
| Sales Taxes | 6.0% | 6.2% |
What is the average wage in Kentucky?
Hourly Rate Salary in Kentucky
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $55,988 | $27 |
| 75th Percentile | $43,447 | $21 |
| Average | $34,752 | $17 |
| 25th Percentile | $25,978 | $12 |
What is a good salary in Ky?
While ZipRecruiter is seeing salaries as high as $121,831 and as low as $18,364, the majority of salaries within the Average jobs category currently range between $44,342 (25th percentile) to $66,290 (75th percentile) with top earners (90th percentile) making $80,623 annually in Kentucky.
Is $17 an hour a livable wage?
When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Weekly (40 Hours) | $680 |
| Bi-Weekly (80 Hours) | $1,360 |
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
Is 75000 a good salary for a single person?
Given this, a good salary would be $75,000. It is higher than the national average and hovers around the average salary for the four most expensive states in the nation. In other words, a $75,000 salary would cover the basic necessities in even the priciest of areas.
Is 75k a good salary 2020?
Today, $75,000 is a statistical gateway to the modern middle class: Though it’s more than what many Americans earn, it’s still not enough to relieve the many anxieties rooted in money.
How much does the average 27 year old make?
What was the average and median income by age in 2021?
| Age | 25% | Average |
|---|---|---|
| 27 | $23,660.00 | $48,376.91 |
| 28 | $25,000.00 | $47,399.65 |
| 29 | $24,615.00 | $51,638.49 |
| 30 | $25,000.00 | $52,706.53 |
