| Index | Louisville | Colorado | National |
| Cost of living | 163 | 115 | 100 |
| Groceries | 102 | 104 | 100 |
| Health care | 104 | 107 | 100 |
| Housing | 298 | 136 | 100 |
| Transportation | 103 | 106 | 100 |
| Utilities | 108 | 108 | 100 |
| Lifestyle & Entertainment | 111 | 107 | 100 |
| Household Items | 105 | 105 | 100 |
| Education & Childcare | 104 | 111 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Louisville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Louisville stands at 163, making it 63% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If you're in pursuit of an economical living environment, Louisville may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Louisville falls within this bracket.
Housing costs significantly influence the Louisville cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 197.9%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
The most insightful perspective on a city comes from its residents. We recently surveyed 5 locals to gauge their perception of the cost of living in Louisville. The feedback revealed that 40% of respondents found the cost of living to be reasonable, with prices on the decline, while 60% regarded it as notably expensive with prices that continue to rise.
Is Louisville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Louisville, for instance, where the median home price falls 249.2% higher than the national average, and monthly rent rates are 78.2% higher than usual. Additionally, median income levels contribute to the equation, with Louisville flaunting a median household income of $169,902, 108.9% higher than the national norm.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Louisville, the utilities index is 7.9% higher than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Louisville, healthcare costs are 3.5% higher than the national average.
The Louisville cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $212,742 | $17,729 | $4,964 | $6,383 |
| Renters | $106,152 | $8,846 | $2,477 | $3,185 |
| State | General Sales Tax | With Max Surtax |
| Colorado | 2.9% | 10% |
| State | Income Tax (Low) | Income Tax (High) |
| Colorado | 4.4% | 4.4% |
| City | Population | Cost of Living Index | National Avg. |
| Gold Hill, CO | 201 | 106 | 5.6% |
| Crisman, CO | 53 | 106 | 5.6% |
| Leyner, CO | 0 | 109 | 8.9% |
| Eldorado Springs, CO | 332 | 109 | 8.9% |
| Lakeside, CO | 6 | 90 | 10.0% |
| Louisville, CO | 19,767 | 163 | 62.6% |
| City | Population | Cost of Living Index | National Avg. |
| Erlanger, KY | 19,751 | 91 | 8.9% |
| Hermosa Beach, CA | 19,749 | 290 | 190.4% |
| North Liberty, IA | 19,749 | 104 | 4.4% |
| Brigham City, UT | 19,785 | 101 | 0.8% |
| Mineola, NY | 19,748 | 154 | 54.1% |
| Louisville, CO | 19,767 | 163 | 62.6% |
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