Louisville, Kentucky is a large city with a population of 611,573 residents. At 71%, the majority of the Louisville population is White; this is followed by 23% Black and 2% Asian. If you are not a fan of long commutes, you will enjoy living in Louisville. With average one way commute time of only 22 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in Louisville, Kentucky could be a good experience for anyone who puts in the time to do the research required. Using the livability score which includes data from categories like amenities, cost of living, weather, education, employment, you can easily compare the best places to live in Louisville and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Louisville to Kentucky and the national average.
Louisville, KY receives 66 out of 100 for its livability score; this results in a ranking of #365 in Kentucky and #15,689 in the USA. For each of the livability categories, we see that Louisville ranks very well for amenities (A+) and cost of living (B-). The bad news for Louisville, there are some categories for which it does not rank well, this includes: crime (F), education (F) and employment (D).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Louisville on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the notable things to do include: Louisville Slugger Museum & Factory, Churchill Downs, and Kentucky Derby Museum.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Louisville has an unemployment rate of 1.27% probably means that there are ample job opportunities for you to consider as it is far below the national average.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Louisville is actually affordable. Median real estate prices in Louisville come in at $143,100, which is 13.5% higher than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Louisville, the home price to income ratio is 3.1, which is 10.7% higher than the Kentucky average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Louisville were 4.9%, and the 5 year appreciation rates came in at 4.8%.