Louisville, TN is a small city located in the state of Tennessee. It is known for its friendly atmosphere and peaceful environment. The cost of living here is relatively low compared to the US, with an average 2 bedroom rental rate of $940 versus $1,430 in the US. Additionally, Louisville’s grocery cost index is 100, which is equal to the US average.
Local businesses in Louisville include Big Sandy Superstore Furniture & Appliances and Ramey Auto Group. Big Sandy Superstore offers a variety of home furniture items and appliances, while Ramey Auto Group provides customers with access to car sales and service needs from multiple manufacturers. Shopping local in Louisville helps support these businesses as well as contributing to the local economy.
Louisville has an unemployment rate of 4.7%. The US average is 6.0%.
Louisville has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Louisville
- The Sales Tax Rate for Louisville is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Louisville is 0.0%. 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 $44,992 a year. The US average is $28,555 a year.
- The Median household income of a Louisville resident is $81,369 a year. The US average is $69,021 a year.