Cost of Living in Louisville, KY
| Cost of Living in Louisville, KY | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 2% higher | 21% lower |
| Utilities (Monthly) | 1% higher | 5% higher |
| Food | 3% higher | 4% lower |
| Healthcare | 12% lower | 23% lower |
| Transportation | 1% higher | 11% higher |
| Goods & Services | 10% higher | 7% higher |
The cost of living in Louisville, KY is 5% higher than the state average and 4% lower than the national average. Louisville, KY housing is 21% cheaper than the U.S average, while utilities are about 5% pricier. When it comes to basic necessities such as food and clothing, groceries are around 7% more in Louisville, KY than in the rest of the country, while clothing costs around 7% more .
Healthcare services such as doctor check-ups and dentistry cost 23% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 7% 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 $1,212, while home prices circle around $336,208.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Louisville, energy bills cost around $199.26 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 $2.31 in Louisville, a dozen eggs go for around $2.41 and a pound of potatoes circles around $3.22.
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 $64.84, while a dentist appointment is priced $89.09 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.88 in Louisville, while getting your tires balanced will run you about $71.82.
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 $46.21 here. Meanwhile, a pair of women's slacks will set you back around $43.96.
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 $12.54 a month. When it comes to personal services, a haircut usually goes for $17.49, while dry cleaning costs about $19.67.
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 $60,256.