This year alone, Louisville has made rankings as one of the “Most affordable Cities in the U.S.” by Forbes, of the “Best Entrepreneurial Cities” by Entrepeneur.com, one of America’s “Breakout Cities for 2014” by CNNMoney, and of the top “Creative Cities for 20-Somethings” by PolicyMic. Louisville has a lively downtown area filled with museums, galleries, and world-renowned shopping, as well as an up-and-coming indie scene, and the city is home to many annual cultural festivals, the most prominent of which is the Kentucky Derby. The races themselves come after a two-week long Kentucky Derby Festival, which features the largest annual fireworks display in the United States, along with parades, steamboat and balloon races, and various other participation events.
Living in this bustling hub is slightly more expensive than the other cities featured in this list. However, Louisville is still more affordable than the average U.S. city by nearly all parameters–the median house price is $168,600, which is about $2,000 lower than the national average. The average rent of a one-bedroom apartment is $630, which is about $135 lower a month than the average apartment in the country, and the cost-of-living index score is 6 points below that of the U.S. as a whole. Combined with the median household income of over $61,000, you might even have money left over to bet on the races!
Edited by: Michael Gardon, Mike Jelinek
Research by: Ilona Abramova, Mike Jelinek...