Living in Louisville KY

Living in Louisville

If you are moving to Louisville, you are in for a treat. This city has a lot to offer, but the cost of living is very reasonable.

In this post, we will give you a preview of what it is like to live in Louisville. We will explore the cost of living details, employment opportunities, education and more.

Cost of Living in Louisville

What is the Cost of Living in Louisville?

To find out about the cost of living in Louisville, let’s check out data provided by Sperling’s Best Places. This site rates cost of living where the US average is 100. Ratings below 100 on this index represent a cost of living below the US average. Ratings above 100 on this index represent a cost of living above the US average.

On that scale, the overall cost of living for Louisville is rated at 89.7. That is significantly below the US average. The rating for Kentucky is 82.3, which is lower yet. So, if you are living in an outlying community near Louisville, you might save even more money.

The ratings for cost of living for Louisville and Kentucky are lower than the US average in almost every category. But as you will see, the savings are most pronounced in the area of housing.

Cost Of Housing in Louisville

What is the Cost of Housing in Louisville?

On this same scale with the US average at 100, the cost of housing in Kentucky is just 56.9. The cost of housing in Louisville is rated at 70.9. For a metropolitan area, that is incredibly low.

You are likely wanting to know what that looks like in terms of costs. Sperling’s lists the median home cost in the USA as $291,700. It lists the median home cost for Kentucky at $165,900, and the median home cost for Louisville at $206,900.

So, you have an incredible opportunity to save on housing costs by moving to this area compared to most communities nationwide.

Employment Opportunities in Louisville

Employment Opportunities in Louisville

To find out about earnings potential in Louisville, we can look at data provided by the US Census Bureau. The Census reports a median household income for 2017-2021 of $58,357.

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

As you might guess given the major presence of UPS in Louisville, this city is an important shipping hub. Other major industries include manufacturing and bourbon whiskey.

Education in Louisville

Louisville Education

There is a lot of opportunity in Louisville not just for jobs, but also for education. There are more than 170 public schools in Louisville as well as dozens of private schools. Most students attend Jefferson County Public Schools.

Higher learning institutions abound in the area. Options include Bellarmine University, the University of Louisville, Spalding University, Boyce College, Simmons College of Kentucky, Sullivan University, Jefferson Community and Technical College, Indiana University Southeast, Louisville Bible College and others.

Getting Around in Louisville

Getting Around Louisville

If you want to use public transportation in Louisville, you can take the Transit Authority of River City (TARC) buses. In certain downtown areas, you can also take LouLift zero-emissions buses. Alas, there is no light rail system.

Not surprisingly, only a small percentage of the population uses mass transportation to commute to and from work. Sperling’s offers some data on Louisville commutes. According to that data, 80.4% of people in Louisville drive to work in their own cars by themselves, 8.9% carpool, 3% take mass transit, and 3.8% work from home. It is likely the work from home number has increased since this data was recorded.

There is some really good news for people driving to work and back, and that is Louisville’s short commute times. Whereas the US average one-way commute time is 26.4 minutes, the average in Louisville is only 22.4 minutes. Over the course of a month, that adds up to saving a couple of hours.

Weather in Louisville

How is the Weather in Louisville?

If you are a fan of distinct seasons, then you will love living in Louisville. Summer highs are around 88 degrees Fahrenheit. Winter lows are around 26 degrees Fahrenheit. There are around 46 inches of rain and 9 inches of snow each year.

On a Comfort Index where 10 is best, Sperling’s Best Places gives Louisville an overall rating of 7.3, which is also right around the national average.

Leisure and Entertainment in Louisville

Leisure and Entertainment in Louisville

One of the reasons many people enjoy living in Louisville is that there is a lot to see and do. Although this city is not home to any major sports leagues, college sports are a big deal here, and so is horse racing. In fact, this is where the Churchill Downs is located, so you can attend the Kentucky Derby.

If you like outdoor recreation, you can delight in 13,000 acres of parkland scattered throughout the area, including 122 city parks.

Famous attractions in Louisville include the Louisville Slugger Museum & Factory, the Speed Art Museum, the Frazier History Museum, the Kentucky Science Center and others. There truly is something for everyone in Louisville.

Finally, Louisville is renowned for its culture and events. You will be able to look forward to attending festivals like the Humana Festival, the Derby Festival, Abbey Road on the River and more.

Move Into Your Louisville
Dream Home

Excited to make Louisville, Kentucky your home? Please give us a call at (502) 657-4299 or fill out the contact form below if you are ready to apply for a mortgage. We work with homebuyers and homeowners in Kentucky, Tennessee, Indiana and Florida.

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Debra Wolfe
Debra Wolfe
18:51 13 Jan 23
Mike Hurt is wonderful! I had an awful experience with another company and Mike was able to get everything done quickly and with no stress or inconvenience on my part. I am so very grateful for Mike and his assistance.
20:29 31 Oct 22
From the first interaction to the signing of the final contract we had excellent communication with Matt. We always got fast and correct replies to our questions. Highly recommend Matt for your mortgage needs.
Kalyan Dukka
Kalyan Dukka
20:45 03 Aug 22
Mike was great at every step of the process even when he was on vacation! He was very helpful in moving ahead the closing date per our request. Thanks a lot for everything Mike!!
jackie greenwell
jackie greenwell
18:44 27 Jul 22
I will admit I was a little skeptic at first, I honestly didn’t think I would be closing within 2 weeks like Dave said. But to my surprise I did!! Dave was great, and the Closing was was smooth. I didn’t even leave my home, they came to me! Thank you Dave! Jackie Harris
Lorie Jenkins
Lorie Jenkins
16:55 27 Nov 20
My husband and I had such a great experience with Matt Ansert. We have been through a lot of negative experiences with mortgages and refinances in the past. This was honestly the best loan experience we have ever had. It was stress and hassle free, quick and uncomplicated. The loan was our... lowest rate ever. Matt was professional, friendly and a great communicator through out the process. I would strongly recommend him:)read more
Noraine P
Noraine P
18:42 14 Jan 19
My husband and I were first time homeowners. Being new to this process, of course we were worried about being taken advantage of. The first company we were dealing with gave us the run around for almost 2 years! Finally, my husband looked online and found First Fidelity. This was the BEST DECISION... EVER! Matt and his team made us feel very comfortable from the first phone call! The professionalism was so awesome that it set all of our nerves aside. The process was quick and we LOVE our new home!Thank you Matt, Melissa and everyone else involved in making our experience great. I would HIGHLY recommend your company to everyone I know.The Penicksread more