Housing costs in Louisville?
A typical home costs
$118,000, which is 65.1% less expensive than the national average of
$338,100 and 44.9% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Louisville costs
$650 per month, which is 54.5% cheaper than the national average of
$1,430 and 44.6% cheaper than the state average of
$940.
Can I afford Louisville?
To live comfortably in Louisville, Alabama, a minimum annual income of
$22,680 for a family, and
$20,000 for a single person is recommended.
What does A.I. say about Louisville?
Louisville, AL is an affordable place to live. The cost of living is well below the national average, and the median home price sits at around $95,000 making it one of the most affordable areas in Alabama. The overall cost of goods and services as compared to other cities in the US is also quite low, making it easy for families on a budget to get by. Additionally, there are several tax exemptions and incentives for businesses that make it an attractive option for those looking to save money.