Louisville, KY is an affordable city for renters in comparison to the US average – a two bedroom apartment here costs $1,160 versus $1,430 nationally. Additionally, groceries are cheaper with an index of 97 compared to 100 for the US. Companies based in Louisville which could influence the cost of living include YUM! Brands, Humana, and Brown-Forman Corporation. These companies provide jobs and other opportunities to locals and may provide discounts or other incentives to employees that can drive down the cost of living in Louisville.
Louisville has an unemployment rate of 5.0%. The US average is 6.0%.
Louisville has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Louisville
- The Sales Tax Rate for Louisville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Louisville is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Louisville
- The average income of a Louisville resident is $34,195 a year. The US average is $37,638 a year.
- The Median household income of a Louisville resident is $58,357 a year. The US average is $69,021 a year.