Cost of Living in Louisville, KY
Housing
The housing market plays a significant role in determining the cost of living in Louisville, KY.
- Housing Index: 90.0 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering a move to Louisville, KY? With a housing index of 90.0, this area is relatively affordable compared to the national average, offering a median home price of 200000. The average rent for a 2-bedroom apartment stands at 1200 and for a house at 1280. This suggests that purchasing a home might be more economical in the long run, especially for families looking for stability. Furthermore, you might find that access to local amenities and quality schools enhances the attractiveness of this vibrant community, securing your investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Louisville, KY.
- Electricity Price: $12.87 USD (median by state)
- Natural Gas Price: $22.78 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $150 per month
Living in Louisville, KY could entail higher utility costs. Electricity costs sit at $12.87, while natural gas is priced at $22.78 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $150 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Louisville is a financially viable option for your relocation.