Louisville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLouisvilleKentuckyNational
Cost of living index9287100
IndexLouisvilleKentuckyNational
Goods & Services index10295100
Groceries index9696100
Health care index9095100
Housing index7768100
Transportation index10597100
Utilities index8892100
Displayed above is a general overview of the Louisville, KY cost of living index. The overall cost of living index in Louisville, KY is 92, which is 6% higher than the Kentucky average and 8% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Louisville, KY are 7% higher than the Kentucky average and 2% higher than the national average.

Did you know?

  • The cost of living in Louisville is 6% higher than the Kentucky average.
  • The cost of living in Louisville is 8% lower than the national average.
  • The cost of housing in Louisville is 23% lower than the national average.
  • Kentucky general sales tax is 18% higher than the national average.
  • Kentucky state income tax is 10% lower than the national average.

Find Real Estate Listings In Louisville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Louisville

Compare Louisville, KY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Louisville, KY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Louisville, KY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Louisville, KY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,149$5,096$1,427$1,835
Renters$24,827$2,069$579$745
The affordability of the housing market in Louisville, KY as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Louisville, KY homeowners, the median income is $61,149. This indicates that a monthly maximum of $1,427 should be spent by homeowners on all housing related costs. Renters have a median income of $24,827. This indicates that renters should have a maximum of $579 used for their rent related monthly costs.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
When considering the overall cost of living expenses in Louisville, KY, it's important to take into account the sales tax for Kentucky, as well as the rate for income tax in Kentucky. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Kentucky is 6%, and the sales tax in the state of Kentucky is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Kentucky starts from 2% and goes up to 6%.

Goods & Services

ItemLouisvilleNational avg.Difference
Haircut $12.80$14.5912.3%
Beauty Salon $35.33$34.681.9%
Toothpaste $2.31$2.476.6%
Shampoo $0.93$1.029.0%
Movie $9.25$9.876.3%
Bowling $4.25$4.393.2%

Groceries

ItemLouisvilleNational avg.Difference
Ground Beef $3.97$4.4811.3%
Fried Chicken $1.28$1.4612.6%
Milk $2.01$2.3614.7%
Potatoes $3.01$3.061.7%
Pizza $10.00$9.248.2%
Beer $8.85$8.632.5%

Health Care

ItemLouisvilleNational avg.Difference
Optometrist $82.50$99.7817.3%
Doctor $88.50$105.0315.7%
Dentist $88.40$88.700.3%
Ibuprofen $8.91$9.415.3%
Lipitor $246.60$298.5017.4%

Housing

ItemLouisvilleNational avg.Difference
Home Price $139,400.00$181,400.0023.2%
Avg. Mortgage Payment $835.10$1,081.0322.7%
Apartment Rent $682.00$889.0023.3%

Transportation

ItemLouisvilleNational avg.Difference
Gasoline $2.21$2.095.9%
Tire Balancing $46.40$45.292.5%

Utilities

ItemLouisvilleNational avg.Difference
All Electricity$126.60$170.8025.9%
Phone $30.22$28.266.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
West Buechel, KY1,20685-15%
Brooks, KY3,06586-14%
Elizabeth, IN16387-13%
Charlestown, IN7,60788-12%
Shively, KY15,28288-12%
Louisville, KY597,23192-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Milwaukee, WI594,32893-7%
Denver, CO604,3561077%
Washington, DC605,75913636%
Nashville, TN605,85997-3%
Las Vegas, NV587,6991077%
Louisville, KY597,23192-8%
Source: The Louisville, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.