There are a total of 303,975 households in Louisville, each made up of around 2 members.
How many households are there in Louisville?
| Y-o-Y Change | ||
|---|---|---|
| Total Households | 303,975 | 1.1% |
| Average People Per Household | 2 | -1.6% |
| Family Households | 179,653 | 0.5% |
| Non-family Households | 124,322 | 2.0% |
Is Louisville a buyers or sellers market?
Louisville, KY is a buyer’s market in April 2022, which means that the supply of homes is greater than the demand for homes.
What percentage of Louisville is white?
69.92%
Louisville Demographics
White: 69.92% Black or African American: 23.60% Asian: 2.67%
What is the median household income in Louisville Ky?
$61,172
Median Household Income
Households in Louisville/Jefferson County, KY-IN have a median annual income of $61,172, which is less than the median annual income of $65,712 across the entire United States.
What salary do you need to live in Louisville?
In Louisville, the same family structure — two kids and two adults — would need at least $60,700 in order to live a “secure, yet modest living,” according to the report. The study takes into account costs associated with housing, food, child care, transportation, health care, taxes and other necessities.
Is it a good time to buy a house in Louisville Ky?
Learn more today about how to time the market in Kentucky.
The Best Time to Buy a House in Kentucky.
| Best Month For | ||
|---|---|---|
| Listing price | January | 9.7% lower than average |
| Housing inventory | January | 31.7% more homes to choose from |
| Mortgage rates | December | 2.90% interest for 30-year mortgage |
| Realtor.com data (October 2020) Bankrate data (December 2020) |
Is Louisville a good real estate investment?
In 2020, Louisville was ranked as one of the top 10 best places to invest in a rental property. The population growth, wages, and job market have all increased the financial returns of rental units. $1,267 is the median rental price per month in Louisville. It’s on the rise, as well.
Is Louisville KY poor?
Louisville currently ranks 15th among its peers in rates of multidimensional poverty with 14.5% of residents living in multidimensional poverty.
Is Louisville a good place to live?
If you are making the move to Louisville or are thinking about relocating here in the future. It’s safe to say that Louisville is a great place to live, work, and play. With the population on a constant rise, year after year, you will be sure to make new friends on your new journey.
What is Louisville known for?
Today, the city is known as the home of boxer Muhammad Ali, the Kentucky Derby, Kentucky Fried Chicken, the University of Louisville and its Cardinals, Louisville Slugger baseball bats, and three of Kentucky’s six Fortune 500 companies: Humana, Kindred Healthcare, and Yum! Brands.
What is a good salary in Louisville Ky?
Full Time Salary in Louisville, KY
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $57,217 | $4,768 |
| 75th Percentile | $31,682 | $2,640 |
| Average | $49,483 | $4,123 |
| 25th Percentile | $23,643 | $1,970 |
What is considered middle class in Louisville Ky?
While ZipRecruiter is seeing salaries as high as $98,830 and as low as $15,605, the majority of salaries within the Lower Middle Class jobs category currently range between $33,100 (25th percentile) to $59,108 (75th percentile) with top earners (90th percentile) making $75,658 annually in Louisville.
What is a good salary in Kentucky?
While ZipRecruiter is seeing salaries as high as $121,831 and as low as $18,364, the majority of salaries within the Average jobs category currently range between $44,342 (25th percentile) to $66,290 (75th percentile) with top earners (90th percentile) making $80,623 annually in Kentucky.
Is Louisville cheap to live?
Additionally, Louisville has been named one of the most affordable cities for solo renters in the U.S.—and no wonder, with a median monthly rent of $748! Derby City has a wide variety of neighborhoods for all lifestyles.
Is the cost of living high in Louisville Kentucky?
Did the Cost of Living in Louisville, KY increase in 2022? Louisville, KY area prices were up 1.2% from a year ago.
Cost of Living Louisville, KY by Expense Category.
| Category | Compared to national average |
|---|---|
| Food | -28.3% |
| Healthcare | -27.1% |
| Housing | -29.9% |
| Transportation | -15.0% |
Is Louisville KY A good place to retire?
“Louisville is a great place to live for people of all ages, including retirees,” said Jean Porter, spokeswoman for Mayor Greg Fischer. “We’re pleased to be recognized in this ranking.” One area where Louisville could improve is livability, according to SmartAsset.
Is the housing market slowing down in Kentucky?
Pending sales in December were down 10%, indicating that the housing market is continuing its gradual slowing. It is hoped that new construction in 2022, along with a natural slowdown in sales activity, will help boost housing inventory numbers.
Is Kentucky a good real estate market?
Thanks to record low-interest rates, continued strong demand, and lower-than-usual inventory, Kentucky will likely be a seller’s market with high prices and the scene of many bidding wars as 2021 unfolds.
Is Kentucky a good place to buy property?
With a population of 4.7 million residents, a Fortune 500 company, and dozens of universities, there are plenty of job opportunities here. It’s also a great place to buy an investment property, as nearly a third of the state’s residents rent their homes.
How is the real estate market?
In the past year, the real estate index has risen by 75% and is the second-best performing sector index, largely beating the benchmark index Nifty50. Bolstered by historically-low loan rates and temporary stamp cuts, the real estate has not only made a comeback but is expected to flourish in the year to come.
Is Louisville KY growing?
The current metro area population of Louisville in 2022 is 1,107,000, a 0.82% increase from 2021. The metro area population of Louisville in 2021 was 1,098,000, a 0.83% increase from 2020. The metro area population of Louisville in 2020 was 1,089,000, a 0.74% increase from 2019.
