Cost of Living Breakdown
The cost of living in Louisville, KY is 10% lower than the national average. Here's how each category compares:
| Category | Index | vs National Avg |
|---|---|---|
| Overall | 90 | -10% |
| Housing | 74 | -26% |
| Groceries | 95 | -5% |
| Utilities | 96 | -4% |
| Transportation | 98 | -2% |
| Healthcare | 92 | -8% |
Housing Costs in Louisville
Housing is typically the largest expense. In Louisville, the housing index is 74 (national average = 100).
- Median home price: $230,000
- Median rent (1 bedroom): $1,000/month
- Median rent (2 bedrooms): $1,200/month
- Annual rent (1BR): $12,000/year
Housing in Louisville is well below the national average, making it an attractive option for homebuyers and renters alike.
How Much Do You Need to Earn in Louisville?
To maintain the equivalent of a $50,000 salary at the national average cost of living, you would need to earn approximately $45,000 in Louisville. The median household income of $55,467 translates to a monthly budget of approximately $4,622.
Groceries & Everyday Expenses
The grocery index in Louisville is 95. Grocery prices are close to the national average.
Transportation & Utilities
Transportation costs sit at an index of 98, while utilities come in at 96. Transportation costs are reasonable compared to other major cities.
Healthcare
Healthcare costs in Louisville are indexed at 92. Healthcare costs are close to or below the national average.
Compare to Kentucky
See statewide salary and tax data on our average salary in Kentucky page. Also see income data for this city on our average salary in Louisville page.
Financial Tools
Use our free calculators to plan your finances in Louisville:
- Mortgage Calculator — estimate your monthly home payment
- Home Affordability Calculator — see how much house you can afford
- Salary Calculator — convert hourly to annual pay
- Savings Goal Calculator — plan for your move or down payment