Cost of Living in Louisville, Kentucky by Expense Category 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.
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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.
What is the cost of living in Louisville Ky?
Summary about cost of living in Louisville, KY, United States: Family of four estimated monthly costs are 3,186$ without rent. A single person estimated monthly costs are 893$ without rent. Louisville is 33.75% less expensive than New York (without rent).
Is Kentucky expensive to live in?
An amount below 100 means Kentucky is cheaper than the US average. A cost of living index above 100 means Kentucky, Kentucky is more expensive.
Kentucky cost of living is 83.6.
| COST OF LIVING | Kentucky | United States |
|---|---|---|
| Health | 93.9 | 100 |
| Housing | 63.3 | 100 |
| Median Home Cost | $165,900 | $291,700 |
| Utilities | 92.9 | 100 |
Is Louisville Kentucky a nice place to live?
Louisville is in Jefferson County and is one of the best places to live in Kentucky.In Louisville there are a lot of restaurants and parks. Many families and young professionals live in Louisville and residents tend to have moderate political views. The public schools in Louisville are above average.
Why do people move to Louisville Ky?
Have you ever wanted to live in a city that’s deeply rooted in history and fun traditions? Consider moving to Louisville! Not only is the largest city in Kentucky home to the famous Kentucky Derby, but it also has lush parks, family-friendly activities, and delicious meals you won’t be able to find anywhere else.
What is the least expensive state to live in?
Mississippi
1. Mississippi. The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 15% lower than the national average cost of living.
How much money do you need 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.
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 are winters like in Louisville Kentucky?
In Louisville, the summers are hot and muggy, the winters are very cold and wet, and it is partly cloudy year round. Over the course of the year, the temperature typically varies from 28°F to 88°F and is rarely below 12°F or above 94°F.
Why are houses so cheap in Tennessee?
This is mostly due to the majority of the state being in rural areas and the lack of a state income tax. While cities such as Nashville have high housing costs, this is balanced by below average costs of transportation, healthcare and child care.
Is Kentucky cheaper than Tennessee?
NASHVILLE, Tenn. –CNBC’s annual “America’s Top States for Business” study measuring each state on multiple data points found Kentucky and Tennessee are among the cheapest states to live in 2017.
Is Tennessee a cheap place to live?
While visiting the most popular attractions is a must-do for any traveler, Tennessee is also an affordable place to live. While you’ll find million-dollar mansions scattered throughout the state in places like Brentwood and Forest Hills, in most cities the median housing prices are reasonable.
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.
Is it safe to walk in downtown Louisville?
Yes, downtown Louisville is safe, especially in the main areas where tourists are likely to be. Obviously, keep your wits about you as you would anywhere but don’t worry about it.
Does it snow in Louisville Ky?
Louisville gets some kind of precipitation, on average, 115 days per year. Precipitation is rain, snow, sleet, or hail that falls to the ground.
Climate Averages.
| Louisville-Jefferson County, Kentucky | United States | |
|---|---|---|
| Rainfall | 46.2 in. | 38.1 in. |
| Snowfall | 8.7 in. | 27.8 in. |
| Precipitation | 115.3 days | 106.2 days |
Is Louisville Kentucky safe?
Louisville is one of the safest largest cities in America, according to a recent Crime in Metropolitan Report. In fact, a November 2020 study by WalletHub found that Louisville outranked Nashville, Indianapolis, Atlanta, Cincinnati, St. Louis and even Lexington for safety.
What is Louisville 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.
Is Louisville KY A good place to retire?
“Louisville is a great place to live for people of all ages, including retirees,” said Jean Porter, spokeswoman for Mayor Greg Fischer. “We’re pleased to be recognized in this ranking.” One area where Louisville could improve is livability, according to SmartAsset.
What state has cheapest big houses?
The 10 states with the most affordable mansions
- South Dakota.
- Indiana.
- West Virginia.
- Alabama.
- Tennessee. Malcolm MacGregor | Flickr | Getty Images.
- Michigan. Trulia.
- Wisconsin. Whistling Straits course, Destination Kohler, Sheboygan, Wisconsin.
- Kansas. University of Kansas.
What is the most expensive state to live in 2021?
Hawaii
Hawaii is the most expensive state to live in in the United States. Hawaii has a cost index of 196.3. The average home price in Hawaii is $1,158,492. The utility index is the highest in the country at 189.5, and the average monthly energy bill is $388.65.
