General

Louisville Cost of Living Compared to Rivals

Downtown Louisville Kentucky

Learn how the Louisville cost of living compared to rival cities in this handy post.

By most accounts, the chief issue in our most recent elections was the economy, with unemployment lead contributing factor. As of September, Louisville, Kentucky has an unemployment rate of 9.8 percent which is slightly higher than the national average of 9.6 percent. Many are worried about where things are headed, as well they should be.

For those living in Louisville, let me share some positive information that should help balance out your concerns.

Let’s take a look and see how Louisville stacks up against other cities in our region of the country that are also close to our population size. The first table starts with the median family income, which is $49,161 according to Louisville, KY Wikipedia page. The other values are what the same family would need to make in three neighboring cities in order to have the same purchasing power.

As you can see, the cost of living in Louisville, KY is quite low and beats all three.

City Salary
Louisville $49,161
Cincinnati $53,988
Nashville $56,973
Indianapolis $51,066

Let’s break this down further. Using data from Sperling’s Best Places, I’ve compiled the following table to see how Louisville stacks up in the categories of Food, Housing, Utilities, Transportation, Health and Miscellaneous.

What is most notable to me, a Realtor®, is that Louisville’s Housing Index is much lower than Nashville, and significantly lower than both Indianapolis and Cincinnati.

The rest of the data in displayed in the chart below.

Cost of Living Indexes Louisville Cincinnati Nashville Indianapolis
Overall 77 85 90 80
Food 81 89 93 87
Housing 46 63 84 61
Utilities 116 111 92 95
Transportation 98 108 90 101
Health 87 93 93 93
Miscellaneous 94 91 95 86

Sperling’s is a handy tool if you’re considering a move to another city and want to compare cost of living in both places. But honestly, with so much going on here in Louisville, why would you want to leave?

About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
» Contact Tre now!

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