Cost of Living in Louisa, KY

With a cost of living index of 56, Louisa, KY is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 22% below the Kentucky state average of 78. Louisa is a small community of 2,645 residents.

Housing costs are the biggest factor in Louisa's cost of living. The median monthly rent is $444 (66% below the US median of $1,319), and the median home value sits at $144,900 (52% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Louisa is $41,250, which is 45% lower than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Huntington-Ashland, WV-KY-OH (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.