Living in Louisville, Illinois
Cost of living, income, home prices, rent and demographics of Louisville · Census data 2020–2024
Louisville has 1,163 residents with a median age of 40.3. The median household income is $43,750 (48% lower than the Illinois median), the median home value is $87,100, the median rent is $581/month.
Louisville is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Louisville at a glance
- Population
- 1,163
- Median age
- 40.3State: 39
- Median household income
- $43,750State: $83,390
- Median home value
- $87,100State: $263,300
- Median rent
- $581/moState: $1,274
- Homeowners
- 55.1%
- Bachelor's degree or higher
- 14.4%
- Average commute
- 21 min
Is Louisville a good place to live?
Pros: Home values 67% lower than the state median; an average commute of 21 minutes.
Cons: Median household income 48% lower than the Illinois median; unemployment of 8.2%; a poverty rate of 30.6%.
The weather is best in May and August to October.
Cost of living in Louisville
Housing is the biggest part of the cost of living. In Louisville the median home value is $87,100, 74% lower than the U.S. median. Renters pay a median of $581 per month, which is 27.1% of household income. Homeowners with a mortgage pay $952 a month in housing costs.
Louisville median household income
The median household income in Louisville is $43,750 and the income per person is $23,204. 30.6% of residents live below the poverty line (Illinois: 11.8%).
Housing in Louisville: homes for sale and rent
- Housing units
- 547
- Owner-occupied
- 55.1%
- Renter-occupied
- 44.9%
- Vacant
- 11.7%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.20
Louisville demographics
- Population
- 1,163
- Median age
- 40.3
- Under 18
- 24.5%
- 65 and older
- 21.8%
- Households
- 483
- Foreign-born
- 0%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Louisville ›
Education in Louisville
14.4% of adults 25 and older in Louisville have a bachelor's degree or higher (Illinois: 37.8%), and 2.1% have a graduate or professional degree.
Jobs and commute in Louisville
- Unemployment rate
- 8.2%State: 5.8%
- Average commute
- 21 minState: 28 min
- Work from home
- 0.9%
- Drive alone
- 92.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87.8%
Louisville vs nearby towns
More for people moving to Louisville
Louisville ZIP code ›Weather and climate ›Living in Louisville: FAQ
What is the median household income in Louisville, IL?
The median household income in Louisville is $43,750, 48% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Louisville?
The median home value in Louisville is $87,100, compared with $263,300 in Illinois.
How much is rent in Louisville?
The median gross rent in Louisville is $581 per month, about 27.1% of household income.
Is Louisville, IL a good place to live?
Pluses: home values 67% lower than the state median; an average commute of 21 minutes. Minuses: median household income 48% lower than the Illinois median; unemployment of 8.2%; a poverty rate of 30.6%.
What is the median age in Louisville?
The median age in Louisville is 40.3 years (Illinois: 39).
How long is the commute in Louisville?
The average commute to work in Louisville is 21 minutes; 0.9% of workers work from home.
What is the unemployment rate in Louisville?
The unemployment rate in Louisville is 8.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Louisville?
14.4% of adults in Louisville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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