Housing costs in Louisville?
A typical home costs
$254,200, which is 24.8% less expensive than the national average of
$338,100 and 30.8% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Louisville costs
$1,060 per month, which is 15.2% more than the national average of
$920 and close to the state average of
$1,040.
Can I afford Louisville?
To live comfortably in Louisville (zip 40220), Kentucky, a minimum annual income of
$48,600 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Louisville?
The cost of living in 40220 Louisville, KY is relatively affordable compared to other cities across the country. The overall cost of living index for 40220 Louisville, KY is 97.7, which is lower than the national average of 100 and indicates that cost of living is cheaper in this zip code. Housing costs are also lower than the national average; with a median home value of $159,900, it’s considered very reasonable for most people to purchase a home in this area. Goods and services are less expensive as well; groceries tend to be slightly below the national average, while utilities such as electricity and natural gas are more affordable than most other parts of the country. All in all, 40220 Louisville, KY is an excellent place to live due to its reasonable cost of living.