According to Forbe’s America’s 100 Cheapest Places To Live, Louisville ranks as the third best option in the East South Central region, just behind Knoxville and Chattanooga.
Louisville ranked 40th on the overall list with even numbers across the rating scale of: Avergage Salary, Unemployment Rate, Crime Rate and Culture Index.
Here’s how they conducted the research.
We measured America’s 380 metropolitan statistical areas and metropolitan divisions (or metros)–geographic entities defined by the U.S. Office of Management and Budget for use by federal agencies in collecting, tabulating and publishing federal statistics–and picked out the 100 cheapest. In order to do that, we ranked all on cost-of-living data from Moody’s Economy.com and home affordability figures from the National Association of Home Builders and Wells Fargo.
We then rated them across four quality-of-life measures: violent crime rate, from the Federal Bureau of Investigation; unemployment rate, from the Bureau of Labor Statistics; average salary for college grads, from Payscale.com, and cultural opportunity, based on the leisure index from Sperling’s Best Places.
Very positive endorsement of Louisville, if I do say so myself.