Chapel Hill, TN vs Louisville, TN

Chapel Hill, TN and Louisville, TN have a very similar cost of living, with only a 1.3% difference in their overall index. Chapel Hill scores 90 while Louisville scores 91 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Chapel Hill is $1,150/month compared to $1,082/month in Louisville — a 6% difference. Interestingly, home values tell a different story: while Louisville has cheaper rent, Chapel Hill actually has lower median home values ($276,700 vs $314,700).

Median household income in Chapel Hill is $77,826 compared to $83,485 in Louisville (-6.8%). While Louisville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chapel Hill spend roughly 17.7% of their income on rent, more than the 15.6% in Louisville.