The 10 Cheapest Louisville, KY Neighborhoods To Live In For 2023

The cheapest Louisville neighborhoods are Camp Taylor and Brownsboro Zorn for 2023 based on Saturday Night Science.

Worst Neighborhoods In Louisville
Source: Flickr User Alissa Barber Torres | CC BY-ND 2.0

Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.

I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.

And while every neighbhorhood in Louisville might be more expensive than living in rural Kentucky, there are certain neighborhoods that are definitely cheaper.

What exactly are those Louisville neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Louisville are the cheapest using Saturday Night Science.

What’s the cheapest neighborhood to live in Louisville for 2023? According to the most recent census data, Camp Taylor looks to be the cheapest Louisville neighborhood to live in.

At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Louisville. You could be sacrificing location or crime rates for more space and cheaper groceries.

Read on to see how we determined the places around Louisville that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Louisville.

For more Kentucky reading, check out:

Table Of Contents: Top Ten | Methodology | Summary | Table

The 10 Cheapest Neighborhoods To Live In Louisville For 2023

Population: 1,262
Cost Of Living Index: 86 (12th cheapest)
Home Value To Income Ratio: 1.6 (2nd cheapest)
Rent To Income Ratio: 0.007 (2nd cheapest)
More on Camp Taylor: Data | Real Estate

Population: 1,707
Cost Of Living Index: 104 (52nd cheapest)
Home Value To Income Ratio: 1.5 (cheapest)
Rent To Income Ratio: 0.01 (5th cheapest)
More on Brownsboro Zorn: Data | Real Estate

Poplar Level Louisville, KY

Source: Flickr User MikeKalasnik | CC BY-SA 2.0

Population: 1,488
Cost Of Living Index: 102 (49th cheapest)
Home Value To Income Ratio: 2.0 (8th cheapest)
Rent To Income Ratio: 0.009 (3rd cheapest)
More on Poplar Level: Data | Real Estate

Population: 9,614
Cost Of Living Index: 83 (2nd cheapest)
Home Value To Income Ratio: 1.7 (3rd cheapest)
Rent To Income Ratio: 0.026 (56th cheapest)
More on Portland: Data | Real Estate

Population: 6,365
Cost Of Living Index: 85 (6th cheapest)
Home Value To Income Ratio: 1.7 (4th cheapest)
Rent To Income Ratio: 0.023 (5cheapest)
More on Parkland: Data | Real Estate

Population: 2,942
Cost Of Living Index: 87 (16th cheapest)
Home Value To Income Ratio: 2.0 (9th cheapest)
Rent To Income Ratio: 0.02 (37th cheapest)
More on South Louisville: Data | Real Estate

Population: 5,636
Cost Of Living Index: 88 (2cheapest)
Home Value To Income Ratio: 2.3 (14th cheapest)
Rent To Income Ratio: 0.018 (28th cheapest)
More on Southside: Data | Real Estate

Population: 8,361
Cost Of Living Index: 91 (30th cheapest)
Home Value To Income Ratio: 2.4 (17th cheapest)
Rent To Income Ratio: 0.015 (18th cheapest)
More on Beechmont: Data | Real Estate

Population: 5,199
Cost Of Living Index: 86 (12th cheapest)
Home Value To Income Ratio: 2.3 (15th cheapest)
Rent To Income Ratio: 0.021 (4cheapest)
More on Jacobs: Data | Real Estate

Population: 6,845
Cost Of Living Index: 85 (6th cheapest)
Home Value To Income Ratio: 2.2 (12th cheapest)
Rent To Income Ratio: 0.023 (50th cheapest)
More on Algonquin: Data | Real Estate

Methodology: How We Determined The Cheapest Louisville Hoods In 2023

To rank the cheapest places to live in Louisville, we had to determine what criteria define “cheap” and then apply Saturday Night Science.

Using Census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 64 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Louisville.” We’re lookin’ at you, Camp Taylor.

We updated this article for 2023. This is our fourth time ranking the cheapest neighborhoods to live in Louisville. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Louisville

If you’re measuring the neighborhoods in Louisville where prices are low, and it’s cheap to live, this is an accurate list.

As mentioned earlier, the neighborhoods in Louisville aren’t all cheap. University takes the title of the most expensive neighborhood to live in Louisville.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Kentucky reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Louisville For 2023

Rank Neighborhood Cost Of Living Index
1 Camp Taylor 86
2 Brownsboro Zorn 104
3 Poplar Level 102
4 Portland 83
5 Parkland 85
6 South Louisville 87
7 Southside 88
8 Beechmont 91
9 Jacobs 86
10 Algonquin 85
11 Hazelwood 85
12 Saint Joseph 90
13 Russell 81
14 Park Hill 85
15 Wyandotte 88
16 California 85
17 Shelby Park 86
18 Klondike 94
19 Taylor Berry 88
20 Iroquois 89
21 Shawnee 87
22 Edgewood 86
23 Clifton Heights 92
24 Chickasaw 87
25 Audubon 94
26 Bon Air 96
27 Gardiner Lane 101
28 Schnitzelburg 96
29 Wilder Park 90
30 Prestonia 92
31 Merriwether 84
32 Hallmark 86
33 Iroquios Park 94
34 Hikes Point 103
35 Cloverleaf 96
36 Deer Park 106
37 Bowman 107
38 Hayfield Dundee 109
39 Belknap 110
40 Rock Creek Lexington Road 107
41 Bashford Manor 90
42 Park Duvalle 87
43 Paristowne Point 92
44 Highlands 98
45 Smoketown Jackson 88
46 Avondale Melbourne Heights 100
47 Germantown 98
48 Limerick 88
49 Clifton 95
50 Cherokee Gardens 136
51 Butchertown 95
52 Cherokee Seneca 118
53 Irish Hill 93
54 Crescent Hill 108
55 Tyler Park 108
56 Highlands Douglas 120
57 Bonnycastle 127
58 Soutland Park 90
59 Kenwood Hill 90
60 Hawthorne 104
61 Phoenix Hill 86
62 Cherokee Triangle 112
63 Old Louisville 93
64 University 92
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.