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 | 20% lower |
| Utilities (Monthly) | 4% lower | 17% lower |
| Food | 1% higher | 1% lower |
| Healthcare | 15% higher | 15% higher |
| Transportation | 1% lower | 3% lower |
| Goods & Services | 3% lower | 2% higher |
The cost of living in Louisville, KY is same as the state average and 6% lower than the national average. Louisville, KY housing is 20% cheaper than the U.S average, while utilities are about 17% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 1% cheaper in Louisville, KY than in the rest of the country, while clothing costs around 2% more .
Healthcare services such as doctor check-ups and dentistry cost 15% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 2% 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 $1,321, while home prices circle around $388,161.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Louisville, energy bills cost around $155.20 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 $4.71 in Louisville, a dozen eggs go for around $3.39 and a pound of potatoes circles around $5.03.
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 $107.05, while a dentist appointment is priced $159.00 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.21 in Louisville, while getting your tires balanced will run you about $60.85.
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 $48.00 here. Meanwhile, a pair of women's slacks will set you back around $45.04.
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 $12.10 a month. When it comes to personal services, a haircut usually goes for $20.83, while dry cleaning costs about $20.28.
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.