Louisville, TN, has a cost of living index that is slightly below the nationwide average. The overall index stands at 91, which is 9% lower than the average of 100. Housing costs in Louisville are notably lower, at 85, which is 15% below the average. This makes housing more affordable compared to the rest of the country.
The cost of living in Louisville, TN, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Louisville stand at 85, indicating that residents can expect to pay about 15% less than the national average for housing. This lower housing index can be a significant advantage for those looking to settle in Louisville, as it provides more affordability in one of the most critical areas of living expenses.
In other categories, Louisville also shows competitive figures. Groceries cost 95, which is 5% less than the national average. Utilities are priced at 90, meaning residents pay 10% less for essential services. Transportation costs are at 92, which is 8% below the national average. Healthcare costs are slightly higher at 97, but only by 3% compared to the nationwide average. Miscellaneous expenses, which include items like clothing and entertainment, are at 88, indicating an additional 12% savings. Overall, Louisville offers a cost of living that is generally lower than the national average, making it an attractive option for many job seekers.
