Housing costs in Louisville?
A typical home costs
$107,200, which is 68.3% less expensive than the national average of
$338,100 and 49.9% 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 (zip 36048), Alabama, a minimum annual income of
$20,520 for a family, and
$20,000 for a single person is recommended.
What does A.I. say about Louisville?
The cost of living in Louisville, AL is quite affordable. According to BestPlaces's Cost of Living Index, the city has an overall index score of 67.57 out of 100. This means that the city ranks 7% lower than the national average for living expenses. Groceries cost 16% lower than average and utilities are 5% lower than the national average. Housing prices are very affordable with rent for a one-bedroom apartment costing an average of $440 per month, while three-bedroom apartments can be rented for around $650 per month. Gasoline prices are also low compared to other cities, with the current price being $2.31 per gallon as of 2021. These reasons make Louisville a great option for those looking for a place with an affordable cost of living.