Moving to Louisville, KY? For new residents who are looking for Southern comfort and Midwestern practicality against a breathtaking background of beautiful nature, Louisville, the Gateway to the South, is a welcoming area. They find it convenient for Louisville transplants to make themselves at home and they wouldn’t dream of leaving. One of the oldest cities west of the Appalachian Mountains, Louisville is situated on the eastern banks of the Ohio River.
Louisville, renowned for its beautiful Victorian homes and the world-famous Kentucky Derby, has no lack of heritage or American culture. There’s plenty to see, hear, do, and taste in Louisville, from the Louisville Slugger Museum and Factory to the booming art, music, and business indie scene, plentiful bourbon distilleries, and world-class cuisine. Residents love the range of four entirely different seasons, low housing costs, a healthy economy, and a range of work opportunities. Welcome to your new city of birth!
Moving to Louisville, KY?
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59.7 percent of Louisville residents own their houses, well over half. Considering that the median home value as of September 2019 is $162,800 for a single-family home, around $75,000 below the national average, that’s lower than you would expect. Home prices are continually climbing at the moment, keeping pace with the national property market.
For a one-bedroom apartment, the average rental rate is currently $972 per month, making the rental price about $500 less than the national average. In communities like Southside, Edgewood, Merriweather, and Camp Taylor, you will find outstanding deals amid increasing house prices.
In Louisville, the cost of living is lower than in most American cities, but overall, it comes with lower incomes. At $48,375, and $3,000 less than the national average, the median income in Louisville, $57,278, is significantly higher than the median Kentucky state income.
When you are moving to Louisville, KY, the index for the cost of living in Louisville is 96.3, slightly lower than the average index of 100 in the US. Housing, groceries, insurance expenses, electricity, and miscellaneous costs are lower than the US average, such as maintenance, dining out, etc. At 118.5/100, the only expense that is higher than average is transport.
The steady economy of Louisville is keeping pace with similar-size towns. With an employment growth rate of 1.5%, the city’s economy is slowly trending upwards. In 2019, the unemployment rate, just above the national average, was 3.5 percent.
Since the foundation of the city, shipping and freight have been the industrial mainstay. Drug manufacturing, health care, medical sciences, high tech, and education are other major industries.
UPS Airlines, United Parcel Service, Ford Motor Company, Humana Inc, GE Appliances, Norton Healthcare, Jefferson County Public Schools, KentuckyOne Insurance, Yum! Brands, Anthem Healthcare, Kindred Healthcare, LG & E and KU Energy are the largest employers in the region.
Work seekers in manufacturing, healthcare, government, education, and mailing and shipping should look for jobs. The bottom line is that hopeful job-seekers have plenty of work in Louisville.
In Kentucky, Jefferson County Public Schools (JCPS) is the largest, supporting more than 101,000 students in 150 schools in the region. Unfortunately, education has been chronically underfunded by the state of Kentucky, and Louisville public schools have certainly suffered. Under a new accountability scheme, 40 percent of the schools in the state flagged for poor performance are in the JCPS system, which is an increase from the 75 percent of the lowest-performing schools in the state reported last year.
Parents are well-advised for results to study local schools and may want to pursue private schooling. However, Manual High School, the number one high school in Kentucky, is ranked 30th in the country, so the system is not without merit.
Several four-year colleges, including Louisville University, Bellarmine University, Boyce College, Campbellsville University, ITT Technical Institute, Spalding University, Sullivan University, and Webster University, are located in the Louisville area. A handful of colleges, including Daymar College, Jefferson Community, and Technical College, and Ivy Tech Community College of Indiana, also offer two-year degrees.