Cost of Living in Louisville, TN
Population 4,369 · Tennessee · Data vintage 2023
(100 = US avg)
Louisville is a smaller Tennessee community of around 4000 residents, where median household incomes of $83,485 and housing costs ($315,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 12 miles southwest of Knoxville, Louisville falls within that metro's commuting orbit. Median home values run roughly 47% higher than Knoxville's $214,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Louisville
The median home value in Louisville is $314,700 — 3% above the national median of $305,000. Median rent runs $1,082/month, 18% lower than the national median of $1,314/month. The median household income of $83,485/year is 12% higher than the US median of $74,580. The local unemployment rate is 4.3%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 70.0°F and lows of 49.1°F, with about 4.6" of annual snowfall. Overall, Louisville has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.
Louisville has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 48 | 53 | 61 | 71 | 79 | 86 | 88 | 88 | 83 | 72 | 60 | 51 |
| Low °F | 30 | 33 | 40 | 48 | 57 | 65 | 69 | 68 | 61 | 49 | 38 | 33 |
| Precip" | 4.76 | 4.81 | 4.89 | 4.71 | 4.13 | 4.24 | 5.25 | 3.63 | 3.49 | 2.81 | 4.21 | 5.00 |
| Snow" | 1.7 | 1.4 | 0.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.5 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Louisville, TN?
Louisville has a cost index of 95 (100 = national average). It is 5% below the national average.
What is average rent in Louisville, TN?
The median gross rent in Louisville is $1,082 per month based on 2023 Census data.
What is the average home price in Louisville?
The median home value in Louisville is $314,700 according to Zillow and Census data.
What is the median income in Louisville?
The median household income in Louisville is $83,485 per year (2023 ACS 5-year estimates).
What is the sales tax in Louisville, TN?
The combined state and local sales tax rate in Louisville is 9.6%. Tennessee has no state income tax.
Is Louisville, TN affordable?
Louisville is near the national average in terms of cost of living, with an index of 95 (100 = US average).
What is the weather like in Louisville?
Louisville has average high temperatures of 70.0°F and average lows of 49.1°F. Annual precipitation is 51.9". Average annual snowfall is 4.6". Data from NOAA 1991–2020 Climate Normals.
Louisville at a Glance
- Population
- 4,369
- Median Income
- $83,485
- Home Value
- $314,700
- Median Rent
- $1,082/mo
- Unemployment
- 4.3%
- Avg High Temp
- 70.0°F
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
Similar Cost Cities
Cities in other states with comparable housing costs