Moving to Louisville, KY

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Planning a move to Louisville? SpareFoot can help. Use SpareFoot to find special deals and discounts on Louisville Moving Truck Rentals. If you need a storage unit as part of your move, SpareFoot makes it easy to find storage units in Louisville too.

Thinking about moving to Louisville?

You’ll be in good company. Between 2010 and 2016, more than 18,924 people have moved to Louisville, an increase of 3.2%. New residents are attracted to Louisville’s big city amenities in a small city package.

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There’s so much more to Louisville than the Kentucky Derby and the Louisville Slugger. Louisville is a city of historic neighborhood and parks, of world class restaurants and museums, and of local crafts — most notably, whiskey. Despite all it has to offer, Louisville is still an affordable place to live, and its low housing prices have attracted a new, hip generation that’s remaking the city.

Living in Louisville

Louisville is home to 616,261 Louisvillians. With an area of 325.2 square miles, Louisville has a population density of 1,895 persons per square mile, which makes it less dense than many other cities of comparable size.

The Louisville/Jefferson County, KY-IN Metropolitan Statistical Area boasts a population of 1,283,430 people, of which Louisville proper’s population makes up 48%.

Housing Market in Louisville

Affordable housing is one of best things Louisville has going for it. The median home value in Louisville is $117,300, -41% below the US median value, according to Zillow. The median price per square foot in Louisville is $100. Over the past 5 years, home values in Louisville have increased by 4%.

Renters in Louisville will also have an easy time finding affordable housing. The median rent in Louisville is $985 per month, which is 31% lower than the US median. Over the past year, rental rates in Louisville have increased by 7.3%.

Louisville Economy

The Louisville economy is on fire. The Louisville metro area’s GDP grew by 22% between 2010 and 2015, from $58 billion in 2010 to $71 billion in 2015, a total increase of $13 billion. The metro area has a per capita GDP of $55,151. According to the US Census Bureau, the median household income in Louisville, KY is $51,205, 2% higher than the national median. Louisville’s unemployment rate is 4.6%.

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Louisville Weather

If you’re allergic to cold weather, Louisville might not be for you. Louisville winters are cold, with an average temperature of 40 degrees. Summers in Louisville are cool, with an average temperature of 75 degrees. The average temperature in Spring is 66 degrees and the average temperature in Fall is 48 degrees.

If you’re moving to Louisville, you better bring your umbrella! Louisville sees an average 123 rainy days per year, and had an average annual rainfall of 44.9 inches. Louisville is relatively humid, with an average annual relative humidity of 69. And don’t sweat it if you forget to pack your sunglasses. Louisville only gets an average of 2,514 sunny hours per year and 93 sunny days, fewer than much of the rest of the country.

Crime Rate in Louisville

Louisville is a safe city, with a violent crime rate of only 632 incidents per 100,000 persons according to the FBI, a lower rate than average. Property crime rates in Louisville are relatively high, with a rate of 4,166 incidents per 100,000 persons, a higher rate than average.

Traffic in Louisville

Ask anyone who lives in Louisville what the city’s biggest problems are and traffic will almost certainly be one of them. According to a survey conducted by INRIX, the average commuter in Louisville spends 23.2 hours in traffic each year, with about 7% of their time commuting in a traffic jam, a higher portion than average among US cities.

Cost of Living in Louisville

Louisville is a relatively affordable place to live with a low cost of living. According to the Bureau of Economic Analysis‘s Regional Price Parity survey, which takes into account cost of living metrics including the price of goods and services and housing, Louisville has a regional price parity of 99.5, -9.1% below the average for US metro areas.

Louisville Education

Louisville’s workforce is not as educated as comparable cities. Only 15% is in possession of a Bachelor’s degree, and 13% of the population did not complete High School. Only 9% of the population has a Graduate or Professional degree.

Louisville Demographics

The median age in Louisville is 38.4 years. 48.8% of the population in the Louisville metro area is male, while 51.2% is female. 5.% of the metro population is foreign born.

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