Cost of Living in Louisville, OH

Population 9,560 · Ohio · Data vintage 2023

64
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Louisville is a smaller Ohio community of around 10000 residents, where median household incomes of $58,269 and housing costs ($193,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.6% points to a labor market well on the tight side of the national distribution.

Located 20 miles southeast of Akron, Louisville falls within that metro's commuting orbit. Median home values run roughly 73% higher than Akron's $111,000.

Cost Overview

Housing 63
Rent 64

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Louisville

The median home value in Louisville is $192,700 — 37% below the national median of $305,000. Median rent runs $842/month, 36% lower than the national median of $1,314/month. The median household income of $58,269/year is 22% lower than the US median of $74,580. The local unemployment rate is 2.6%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 61.2°F and lows of 42.1°F, with about 47.2" of annual snowfall. Overall, Louisville has a cost of living index of 64 versus the US average of 100, meaning it is 36% less expensive.

🏠 Housing

Median Home Value
$192,700
37% below avg
Zillow Home Value
$236,874
Zillow ZHVI
Median Rent
$842/mo
36% below avg
Zillow Rent
$1,483/mo
Zillow ZORI
Price-to-Rent Ratio
19.1x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$686
1 BR
$748
2 BR
$929
3 BR
$1,199
4 BR
$1,374
Owner-occupied 61.9%
Renter-occupied 38.1%

💰 Estimated Monthly Budget

Rent median rent
$842
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,456/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.0 min
19% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.6%

Commute Mode

Drove alone
78.0%
Carpooled
5.1%
Public transit
0.6%
Walked
3.9%
Work from home
11.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 3.8%
Total Sales Tax 7.2%
State rate 5.8%
Avg local rate 1.4%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$58,269
22% below avg
Per Capita Income
$32,704
Unemployment Rate
2.6%
47% below avg
Poverty Rate
8.1%
Labor Force Participation
63.1%

🎓 Education

Bachelor's degree+ 14.9%
Graduate degree 8.3%

👥 Demographics

Median Age 40.8
Male median age 40.5
Female median age 41.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.2°F
Avg Low
42.1°F
Annual Precip
41.6"
Annual Snowfall
47.2"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363948627280848376635140
Low °F 202229405059636255443426
Precip" 2.922.443.233.864.134.434.143.613.503.343.082.89
Snow" 13.412.07.61.70.00.00.00.00.00.33.38.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 52 — Moderate
44.7%
Good air days/yr
283
Max AQI recorded
262
PM2.5 days
103
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
19.6:1
Student-teacher ratio
4
Public schools
2,781
Total enrollment

Frequently Asked Questions

What is the cost of living in Louisville, OH?

Louisville has a cost index of 64 (100 = national average). It is 36% below the national average.

What is average rent in Louisville, OH?

The median gross rent in Louisville is $842 per month based on 2023 Census data.

What is the average home price in Louisville?

The median home value in Louisville is $192,700 according to Zillow and Census data.

What is the median income in Louisville?

The median household income in Louisville is $58,269 per year (2023 ACS 5-year estimates).

What is the sales tax in Louisville, OH?

The combined state and local sales tax rate in Louisville is 7.2%. The Ohio state income tax top rate is 3.8%.

Is Louisville, OH affordable?

Yes, Louisville is generally considered affordable, with a cost of living index of 64 — about 36% below the US national average of 100.

What is the weather like in Louisville?

Louisville has average high temperatures of 61.2°F and average lows of 42.1°F. Annual precipitation is 41.6". Average annual snowfall is 47.2". Data from NOAA 1991–2020 Climate Normals.

Louisville at a Glance

Population
9,560
Median Income
$58,269
Home Value
$192,700
Median Rent
$842/mo
Unemployment
2.6%
Avg High Temp
61.2°F
Sales Tax
7.2%
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