When you think of the ideal place to live, you might you might consider the city that offered a mix of hometown friendliness and cosmopolitan amenities. That's a fancy way of saying you'd like some art and culture along with people who make you feel right at home. Louisville has that, but we have received two recent designations that really matter for an ideal city. According to the Council for Community and Economic Research (C2ER), the cost of living in Louisville is about 11% below the national average. Furthermore, the US Conference of Mayors (USCM) named Louisville the most livable large city.
In computing Louisville's cost-of-living, the C2ER based its findings on the cost of goods in 306 cities, which it compiles every three months. They found that Louisville offers especially good housing values, as housing is 22.5% cheaper here than nationally for the first three months of 2012. This figure is based on the price of a new 2400 square foot home after factoring in mortgage rates an apartment rents what cost $251,247 nationally runs only 231,573 in Louisville.
The IndyStar illustrated how this worked out for a guy who move from Manhattan (expense capital of the US). He was so shocked that drinks cost 50% less in "Boubontown" then in New York City that he was tempted to buy a round for the bar. Even Ted Smith, director of the Louisville Metro Department of Economic Growth and Innovation, who relocated from the Washington DC area in 2011, found that the his 1600 square foot $750,000 home in McLean Virginia was going for $294,000 right in Louisville.
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