Cost of Living in Louisville About 11 Percent Below National Average
Since 1968, the Council for Community and Economic Research and its predecessor have compiled data measuring differences in the cost of living in American cities. The Courier-Journal analyzed the organization’s most recent Cost of Living Index — which covers the first three months of 2012 — to see how Louisville compares. The council is an Arlington, Va.-based nonprofit group whose members include chambers of commerce, economic development professionals and universities. Every three months, it gathers prices on dozens of goods and services in more than 300 metro areas.
After living in Manhattan for almost a decade, Jon Salomon got used to paying $10 a drink or more at pretty much any bar in town. In 2008, he moved to Louisville and after a night out, the bar tab gave him a bit of sticker shot — in a good way. “I would sort of look at it with some disbelief,” Salomon said, joking that with drinks about half as expensive here, he was tempted “to buy rounds for the whole bar.”According to the Council for Community and Economic Research (also known as C2ER), it’s about 2.5 times more expensive to live in Manhattan than in Louisville. Read more.