Louisville, IL Cost of Living


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United States / Illinois / No Metro Area / Clay County / Louisville / Zip Codes

Louisville cost of living score
71.1
Less expensive
28.9% lower
than the US average
24.1% lower
than the Illinois average
Louisville, Illinois gets a BestPlaces Cost of Living score of 71.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 28.9% lower than the U.S. average and 24.1% higher than the average for Illinois.

Louisville, IL

Housing costs in Louisville?
A typical home costs $84,800, which is 74.9% less expensive than the national average of $338,100 and 64.9% less expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Louisville costs $870 per month, which is 39.2% cheaper than the national average of $1,430 and 44.8% cheaper than the state average of $1,260.

Can I afford Louisville?
To live comfortably in Louisville, Illinois, a minimum annual income of $16,200 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Louisville?
Louisville, IL is an affordable city to live in. The cost of living indexes in Louisville are all significantly lower than the national average, making it a great place to settle down and raise a family. The median home price is around $112,800, over 20% lower than the state average and almost 57% lower than the national median. Rental prices also remain well below the national average with a one-bedroom apartment costing an average of $521 per month, compared to the nationwide average of $1,023 per month. Groceries are slightly more expensive but still reasonably priced with local markets offering fresh produce and various specialty items at competitive prices. In short, Louisville offers its residents plenty of bang for their buck in terms of affordability.
   Cost of living score
     CategoriesLouisvilleIllinoisUnited States
  71.193.7100.0
  92.494100
  127.296.9100.0
  25.480.2100.0
  $84,800$241,700$338,100
  98.4%97.7%100.0%
  69.8106.2100.0
  88.0107.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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