Housing costs in Louisville?
A typical home costs
$266,600, which is 21.1% less expensive than the national average of
$338,100 and 37.2% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Louisville costs
$1,140 per month, which is 23.9% more than the national average of
$920 and 8.8% more than the state average of
$1,040.
Can I afford Louisville?
To live comfortably in Louisville (zip 40291), Kentucky, a minimum annual income of
$51,120 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Louisville?
Louisville, Kentucky has an average cost of living that is lower than the national average. Overall, the cost of living in Louisville is 8% below the national average. Housing expenses make up a significant portion of the cost of living and renting in 40291 Louisville, KY costs around 12% less than the rest of the country. Groceries are also relatively affordable with prices 5% lower than most other places in America. Gasoline prices tend to be slightly higher than the nation's average, but they are still not overly expensive. Furthermore, utilities like electricity and water services tend to be cheaper in the city compared to most other parts of the United States. All things considered, 40291 Louisville offers a very reasonable cost of living for residents looking to save money while still enjoying all that this great city has to offer.