Housing costs in Louisville?
A typical home costs
$378,200, which is 11.9% more expensive than the national average of
$338,100 and 36.3% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Louisville costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 13.8% cheaper than the state average of
$1,070.
Can I afford Louisville?
To live comfortably in Louisville, Tennessee, a minimum annual income of
$72,360 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Louisville?
Living in Louisville is quite affordable. The cost of living index for Louisville is 88.7, which is 12.3% lower than the U.S. average. Home prices have seen some growth over the years but are still below the national average, with a median home value of $128,400 compared to $184,700 for the rest of the United States. Renters can expect to pay between $800 and $1,000 per month depending on location and amenities offered in their rental unit. Utilities such as electricity and water are fairly inexpensive in Louisville as well, making it an attractive place to live for budget-conscious individuals and families alike.