Summary about cost of living in Louisville, KY, United States: Family of four estimated monthly costs are 3,298$ without rent. A single person estimated monthly costs are 939$ without rent. Louisville is 32.55% less expensive than New York (without rent).
How much money do you need to live comfortably in Louisville Ky?
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 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 |
Is Louisville KY a cheap place to live?
Kentucky
Across the board, Kentucky’s living costs are lower than the U.S. average. In several areas of the Bluegrass state, like certain parts of Louisville for instance, you can find areas where there are fairly priced groceries and utilities.
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.
What is KY minimum wage?
Kentucky minimum wage rate is $7.25 per hour in 2022. Workers receive a lower minimum wage in Kentucky that exceeds the Federal Minimum Wage of $7.25.
Hourly Minimum Wage for Kentucky and neighboring states in 2022.
| Location | Minimum Wage |
|---|---|
| Minimum WageFederal | Minimum Wage $7.25 |
| Minimum WageKY | Minimum Wage $7.25 |
What is considered low income in Kentucky?
Income Limits
| Family Size | Extremely Low 30% | Median Income |
|---|---|---|
| 1 Person | $17,600 | $53,300 |
| 2 People | $20,100 | $60,900 |
| 3 People | $23,030 | $68,500 |
| 4 People | $27,750 | $76,100 |
What is minimum wage in Louisville?
The minimum wage would go from $7.25 to $10 dollars in 2022, and gradually rise to $15 by 2026.
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 the weekly living wage?
The London Living Wage is currently £11.05 per hour. This covers all boroughs in Greater London. The UK Living Wage for outside of London is currently £9.90 per hour.
Is Louisville a safe city?
Generally speaking, Louisville is a relatively safe area. The city’s crime rate is just below the national average. But when compared to other large metropolitan areas, Louisville is one of the safest large cities in the country.
Is it cheaper to live in KY or TN?
Cost of Living
Living expenses in Kentucky are lower than the national average. The most significant contributor to these low living costs is housing, which has 63 points compared to the national average of 100points. These figures also mean it’s the more cost-effective option between it and Tennessee.
What are the pros and cons of living in Kentucky?
Pros And Cons Of Living In Kentucky
- Low cost of living.
- Good tax breaks for some.
- Tasty regional foods and drinks.
- Abundant outdoor adventures.
- Variety provided by 4 season weather.
- Risks of extreme weather.
- High income and sales taxes.
- Lower quality K-12 education.
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.
What is the racial makeup of Louisville Kentucky?
Louisville Demographics
White: 69.92% Black or African American: 23.60% Asian: 2.67% Two or more races: 2.56%
Does it snow a lot in Louisville Ky?
Louisville averages 9 inches of snow per year.
The US average is 28 inches of snow per year.
How many days in a row can you work in Kentucky?
seven days
Kentucky overtime law requires that all employees who have worked seven days in a row be paid time-and-a-half pay for all hours worked on the seventh day (with a few exceptions).
What is considered full time in Kentucky?
Kentucky does not define full- or part-time employment. Employers may define the terms themselves. In addition, there is no limitation on the number of hours employers can require employees to work in a day.
What is Kentucky law on work breaks?
You are entitled to a rest period of at least ten (10) minutes during each four hours you work. The rest period is a paid break.
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 monthly income limit for food stamps in KY?
SNAP Max Income for Food Stamps Oct. 1, 2019, through Sept. 30, 2020
| Household Size | Gross Monthly Income Limits (130% of poverty) | Net Monthly Income Limits (100% of poverty) |
|---|---|---|
| 1 | $1,354 | $1,041 |
| 2 | $1,832 | $1,410 |
| 3 | $2,311 | $1,778 |
| 4 | $2,790 | $2,146 |
