Table
| Population | ||
|---|---|---|
| Transportation | ||
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | X | 23.0 |
| Income & Poverty | ||
| Median household income (in 2020 dollars), 2016-2020 | X | $54,929 |
What is middle class in Louisville Ky?
How much does a Lower Middle Class make in Louisville, Kentucky? As of May 17, 2022, the average annual pay for the Lower Middle Class jobs category in Louisville is $46,415 a year. Just in case you need a simple salary calculator, that works out to be approximately $22.31 an hour.
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.
What salary is considered middle class in Kentucky?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Kentucky | $43,747 | $52,295 |
| Indiana | $43,310 | $57,603 |
| Mississippi | $41,839 | $45,792 |
| West Virginia | $41,649 | $48,850 |
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.
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’s the cost of living in Louisville Kentucky?
Louisville cost of living is 88.4
| COST OF LIVING | Louisville | Kentucky |
|---|---|---|
| Grocery | 97 | 94.2 |
| Health | 86 | 93.9 |
| Housing | 69.6 | 63.3 |
| Median Home Cost | $206,900 | $165,900 |
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 Louisville KY 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.
How much do you need to make to live comfortably in Kentucky?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Required annual income after taxes | $26,055 | $87,039 |
| Annual taxes | $6,092 | $20,350 |
| Required annual income before taxes | $32,147 | $107,389 |
What salary is upper class?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
What salary is considered high class?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher. However, an upper class income also depends on where you live.
Is 75k a good salary?
Given this, a good salary would be $75,000. It is higher than the national average and hovers around the average salary for the four most expensive states in the nation. In other words, a $75,000 salary would cover the basic necessities in even the priciest of areas.
What percentage of Louisville is black?
23.60%
Louisville Demographics
According to the most recent ACS, the racial composition of Louisvillewas: White: 69.92% Black or African American: 23.60%
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.
Is Louisville a growing city?
In short, Louisville and Kentucky haven’t grown at a comparable rate to that of the country, the region or other states. This raises questions about the development of the state and the Louisville metro. The census bureau released data generated during the 2020 census in August.
What is the average pay in the US?
According to the May 2020 National Occupational Employment and Wages Estimates by the BLS, the average salary in the United States is $56,310, with a median wage of $20.17 an hour. As of 2021, it’s estimated that women in the U.S. earn around 82 cents for every dollar that a man earns.
What is the average wage in Kentucky?
Among the 117 smaller counties in Kentucky—those with employment below 75,000—Hancock ($1,332) reported an average weekly wage above the national average of $1,289.
| Area | Employment March 2021 | Average weekly wage(1) |
|---|---|---|
| United States(2) | 140,455,819 | $1,289 |
| Kentucky | 1,835,209 | 965 |
| Adair | 4,360 | 650 |
| Allen | 4,543 | 712 |
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
Is Kentucky expensive to live in?
Living in Kentucky is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 12.2% less than they do on average nationwide. Compared with all other states, Kentucky has the fifth lowest overall cost of living.
Why are people moving to Louisville?
“The cost of living is so low here, the quality of life is really high. We have space to do things, we have parks, we have yards and we have great hospitality here,” said Weber. The trends are backed up by data from Redfin.com. Between July and September, Louisville’s net flow has increased by 113% from last year.
