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The cost of living in the Southern Indiana/Louisville metro market was ranked 174 out of 354 metro areas by Places Rated Alamac. The Southern Indiana portion of the MSA experiences an even lower cost of living as housing costs and other overall costs are less.
The Places Rated Almanac lists the following cost for the area.
Louisville, KY-IN*
Typical Household Income |
$72,600 |
State and Local Taxes |
|
Income |
$3,294 |
Sales |
$883 |
Housing Costs |
|
Price |
$116,300 |
Utilities |
$2,860 |
Property Taxes |
$1,330 |
Rent |
$510 |
Other Costs |
|
Food |
$7,743 |
Health Care |
$2,744 |
Transportation |
$11,764 |
Recreation |
$3,572 |
Rank (out of 354 metro areas) |
174 |
Source: Places Rated Almanac, Special Millennium Edition
* includes Clark County (IN); Floyd County (IN); Harrison County (IN); Scott County (IN); Bullitt County (KY); Jefferson County (KY); Oldham County (KY)
Effective Buying Income
The Effective Buying Income (EBI) is defined as money income less personal tax and non-tax payments. EBI is often referred to as "disposable" or "after tax" income.
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Clark County (2005) |
Floyd County (2005) |
Total Population |
99,558 |
71,369 |
Households |
45,067 |
30,618 |
Total EBI ($000) |
$1,840,978 |
$1,403,893 |
Household by EBI Group |
|
|
$20,000-$34,999 |
25.7% |
21.7% |
$35,000-$49,999 |
21.1% |
21.0% |
$50,000 and over |
32.7% |
33.2% |
Source: (2005 Survey of Buying Power, Sales & Marketing Management)
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