Zip 40245 (Louisville, KY) Cost of Living


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How much do I need to live in Louisville, Kentucky?
$6,900 / month
for a family, 27.8% more expensive than the national average A total of $82,800 for the year for a family.
$3,967 / month
for a single person, 16.8% less expensive than the national average A total of $47,600 for the year for a single person.

Louisville cost of living score
89.8
Less expensive
10.2% lower
than the US average
9.1% higher
than the Kentucky average
Louisville (zip 40245), Kentucky gets a BestPlaces Cost of Living score of 89.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.2% lower than the U.S. average and 9.1% lower than the average for Kentucky.

Zip 40245 (Louisville, KY)

Housing costs in Louisville?
A typical home costs $432,100, which is 27.8% more expensive than the national average of $338,100 and 122.4% more expensive than the average Kentucky home, at $194,300. Renting a two-bedroom unit in Louisville costs $1,430 per month, which is 55.4% more than the national average of $920 and 27.3% more than the state average of $1,040.

Can I afford Louisville?
To live comfortably in Louisville (zip 40245), Kentucky, a minimum annual income of $82,800 for a family, and $47,600 for a single person is recommended.

What does A.I. say about Louisville?
Living in 40245 Louisville, KY is relatively affordable. The median home cost is around $206,500, which is slightly lower than the national average of $229,700. Renters can expect to pay a median rent of $945 per month. Other living costs such as groceries, transportation and health care are also below the national average. Overall, Louisville is an affordable place to live for people on a budget or those just starting out in life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLouisvilleKentuckyUnited States
    Unlock82.3100.0
  103.3  Unlock100.0
    Unlock102.2100.0
  134.9  Unlock100.0
    Unlock$194,300$338,100
  95.4  Unlock100.0
    Unlock89.1100.0
  91.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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