Cost of Living in Louisville, KY
| Cost of Living in Louisville, KY | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 1% lower | 26% lower |
| Utilities (Monthly) | 3% lower | 13% lower |
| Food | 1% higher | 0% |
| Healthcare | 7% lower | 6% lower |
| Transportation | 1% lower | 5% lower |
| Goods & Services | 8% higher | 1% higher |
The cost of living in Louisville, KY is 2% higher than the state average and 9% lower than the national average. Louisville, KY housing is 26% cheaper than the U.S average, while utilities are about 13% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0% in Louisville, KY than in the rest of the country, while clothing costs around 1% more .
Healthcare services such as doctor check-ups and dentistry cost 6% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 1% pricier in Louisville, KY.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Louisville is $1,318, while home prices circle around $362,290.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Louisville, energy bills cost around $178.07 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.75 in Louisville, a dozen eggs go for around $5.01 and a pound of potatoes circles around $4.97.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Louisville, an optometry check-up costs around $99.80, while a dentist appointment is priced $112.33 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.89 in Louisville, while getting your tires balanced will run you about $62.79.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $42.48 here. Meanwhile, a pair of women's slacks will set you back around $47.54.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Louisville, you should budget around $11.48 a month. When it comes to personal services, a haircut usually goes for $25.00, while dry cleaning costs about $21.71.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Louisville, the median household income is $68,573.