Living in Louisville, KY

If you are looking for a city that is warm with southern hospitality and rich with culture, Louisville, Kentucky is a great place to settle.

As Kentucky’s largest city, it was estimated to have a population of 766,757 as of the 2019 census.

In this guide, we will tell you more about what it is like to live in Louisville. We will go over cost of living, employment opportunities, education, transportation, and other important things to know.

Cost of Living in Louisville Kentucky

What is the Cost of Living in Louisville?

One of the best things about Louisville is the city’s overall affordability. For data to help us analyze cost of living, we will turn to Sperling’s Best Places.

Sperling’s uses a scale to rate cost of living where the US average is 100. Ratings above 100 are higher than average costs of living, while ratings below 100 are lower than average costs of living.

On that scale, the rating for Louisville is 88.4, making it less expensive to live in than the average location in the US.

The rating for Kentucky is 83.6, so that is a little bit lower than the rating for Louisville, but not too much lower. So, for a metropolitan area, Louisville is a very cost-effective place to live.

You are probably wondering about the breakdown of costs. The only category in which Louisville is more expensive than the nationwide average is transportation, which is still quite close (103.2).

Costs are lower than the nationwide average in Louisville for all other categories, including grocery expenses, healthcare costs, housing, utilities, and miscellaneous expenses.

In fact, the most dramatic savings are in the area of housing, as you will see below.

Getting Around in Louisville Kentucky

What are Housing Costs in Louisville?

On the same scale where the nationwide average is represented by 100, housing costs in Louisville are only 69.6.

In fact, the median home cost is only $160,800. You can contrast that with the median nationwide home cost of $231,200.

So, that is spectacular news if you are in the market for a house.

Employment Opportunities in Louisville Kentucky

Employment Opportunities in Louisville

Now you know about the low cost of living in Louisville, Kentucky. But what can you expect in terms of the local job market?

The US median income in 2019 was $65,712. The US Census reports a median household income in Louisville from 2015 through 2019 of $53,436, and a per capita income for the same time period of $30,943.

Although that is a lower income for Louisville than the US average, it is not unexpected given the reduced cost of living for this area.

Kentucky is also a state with a flat income tax rate of 5%. There are some states with lower income taxes, but there are also some with much higher income taxes (indeed, some states have tax brackets in excess of 9%).

The sales tax rate in Kentucky is 6.00%, which is fairly low.

So, between the low cost of living and moderate tax rates, you should be able to earn and save effectively living here.

Sperling’s also gives some projections on future job growth, stating that Louisville may see a 38.33% job growth rate in the future compared to 33.51% nationwide.

In which industries can you expect to find jobs in Louisville?

Shipping and cargo are big in Louisville, as are automobile manufacturing and bourbon whiskey distillation.

Top employers in Louisville, KY include UPS, Ford Motor Company, GE Appliances, Humana Inc., Norton Healthcare, UofL Health, Yum! Brands, Papa John’s International, Brown-Forman, Anthem, Kindred Healthcare, LG&E and KU Energy, and the Roman Catholic Archdiocese of Louisville.

Education in Louisville Kentucky

Louisville Education

For elementary and secondary education, there are 246 schools in Louisville. These comprise 168 public schools and 78 private schools. Not surprisingly, given the prominent presence of the Roman Catholic Archdiocese of Louisville, a lot of them are Catholic schools. View Louisville school ratings.

On average, the budget in Louisville is $12,392 per student, which is right around the nationwide average of $12,383.

Some of the local schools are very highly rated, for example Dupont Manual High School.

What about postsecondary education? Options include the University of Louisville, Bellarmine University, Spalding University, Louisville Bible College, Boyce College, Simmons College of Kentucky, Spencerian College, Strayer University, Sullivan University, Jefferson Community and Technical College, and Sullivan College of Technology and Design. Indiana University Southeast.

Getting Around in Louisville Kentucky

Getting Around Louisville

As you might expect given its prominent role in the shipping industry, a number of beltways pass through the city. It also is home to the Louisville International Airport. The Norfolk Southern and CSX freight railroads run through Louisville, along with the Paducah and Louisville Railway and the Louisville and Indiana Railroad (both regional).

Ironically, however, the Kentucky Cardinal passenger rail was discontinued, and no other passenger rail service replaced it.

There is also no light rail system for commuters. There used to be a set of motorized trolleys, but those went away in 2014.

But this is not to say that Louisville is lacking in public transportation options. LouLift zero-emission buses can get commuters to select locations downtown, and there are also regular city buses operated by the Transit Authority of River City (TARC). These buses can not only get you around Louisville itself, but also to other parts of Jefferson County and beyond.

Walking is another great way to get around Louisville. In fact, “Walk Score”: listed Louisville in 2016 among the most walkable cities with populations above 200,000.

Sperling’s commute stats are a little out of date with many more people working from home than in pre-pandemic times, but when they were last updated, they said that 3% used mass transit to get to work, 3.8% worked from home, 8.9% carpooled, and 80.4% drove to work by themselves.

The average time listed for a one-way commute in Louisville was 22.4 minutes. As the US average is 26.4 minutes, that is significantly shorter. So, if you do need to commute to work rather than work from home, that is excellent news.

Weather Condition in Louisville Kentucky

How is the Weather in Louisville?

Something else that makes Louisville an attractive place to live is its climate. Sperling’s climate index scores locations on a scale of 1 to 10 where 10 is the most comfortable climate possible. On that scale, the US average is a 7, and Louisville gets a 7.3.

Thus, the climate in Louisville is more comfortable than the average climate nationwide.

During the summer, temperatures range up to about 88 degrees Fahrenheit. During the winter, they drop down to around 26 degrees Fahrenheit.

Louisville gets around 46 inches of rain each year and about 9 inches of snow.

So, for those that are looking for four distinct seasons, this is a very nice place to live. View our local weather.

Leisure and Entertainment in Louisville Kentucky

Leisure and Entertainment in Louisville

You may be wondering what you can do during your time off while you are living in Louisville. What kind of leisure and entertainment opportunities await you?

Louisville is particularly famous for its sports. The Kentucky Derby takes place here at Churchill Downs. While there are no major league sports teams here, there are a number of professional, semi-professional, and college teams that are popular.

This city also hosts a number of important events every year. Examples include the Derby Festival, the Humana Festival, Abbey Road on the River, the Forecastle Festival, and others. There are quite a few popular indie bands that hail from Louisville as well.

If you are looking for museums and other attractions, you can visit the Frazier History Museum, the Louisville Slugger Museum & Factory, the Kentucky Science Center, the Speed Art Museum, and more.

Those who prefer outdoor parks will be glad to know there are 122 of them in the city, providing more than 13,000 acres of land to enjoy. Prominent parks include the Otter Creek Outdoor Recreation Area and the Jefferson Memorial Forest.

For more to do, check out our Arts & Events Calendar.

So, whatever you are into, you will find it in Louisville!

See What Our Clients Are Saying About Us!

Cherie Lee
Cherie Lee
22:20 07 Dec 21
Brady was so great to work with. I was going through a hard time personally during the financing of my first home. He went above and beyond to make sure everything was taken care of. He personally tended to things to make my life easier and to make sure nothing slipped through the cracks. His level of compassion and dedication is like no other. He made the loan process bearable during one of the darkest and most heartbreaking times of my life. I was blessed to get to work with him and hope to have the opportunity to work with him again on a future purchase one day.
Den of Flows TV
Den of Flows TV
16:17 07 Dec 21
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Nancy Pittman
Nancy Pittman
14:41 02 Oct 21
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Crystal Dancer
Crystal Dancer
16:39 04 Sep 21
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Dustin Talacko
Dustin Talacko
14:15 04 Sep 21
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Kevin Pate
Kevin Pate
13:47 03 Sep 21
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Daleigh Kranz
Daleigh Kranz
00:24 03 Sep 21
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Allison Riggs
Allison Riggs
16:55 02 Sep 21
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Evan Fowler
Evan Fowler
18:42 30 Jul 21
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Rhonda Burden
Rhonda Burden
09:40 22 Jul 21
Travis and Brady were so knowledgeable and professional it made this process go so smoothly that we were able to close quicker than anyone could believe! The care and personalization that was given you would have thought that it was them buying a home for their own family! I can not say enough positive things about the smoothness and professionalism and personal care that came from using American Mortgage. God could not have steered us in a better direction. Is was clear to me once we started moving through this process that this was the mortgage company we were supposed to use. Thanks to them (& God first, of course) we have our beautiful Florida home! Many many thanks to Travis & Brady!
Tim Davis
Tim Davis
20:24 20 Jul 21
Brady and his TEAM at American Mortgage Solutions are top notch and very knowledgeable in this ever changing mortgage and real estate industry. I am working closely with them to provide financing for those with financing struggles; whether it be self employed borrowers, foreign nationals or even those who may have had certain credit setbacks.All in all, you can know that you will be taken care of honestly.
Laura Brian Sawdo
Laura Brian Sawdo
11:46 16 Jul 21
AMS has been an exceptional company to work with. The are attentive to our needs and very timely in their responses to our requests. They have given us sound advice to some of our most challenging hurdles with buying a home or refinancing our current home. I sincerely appreciate all they have done to make the loan process as seamless and painless as possible! Thank you AMS, you have restored my faith in mortgage companies!
Stephanie Burkhardt
Stephanie Burkhardt
15:52 14 Jul 21
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Move Into Your Louisville Dream Home

Now you can envision what it would be like to live and work in Louisville, Kentucky. Ready to apply for a mortgage and move to a beautiful, affordable home in this community? To schedule your consultation, please give us a call at (502) 327-9770.

We also have offices in Cape Coral, Florida. You can reach us there at (239) 766-8344. Along with Kentucky and Florida, we serve customers in the states of Indiana, Tennessee and Colorado as well