The 10 Cheapest Louisville, KY Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Louisville are the cheapest of the cheap.

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Everything else equal, I think 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.

So 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 find out which neighborhoods in Louisville are the cheapest.

What's the cheapest neighborhood to live in Louisville for 2022? According to the most recent census data, Edgewood looks to be the cheaptest 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 in return 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.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Kentucky reading, check out:

The 10 Cheapest Neighborhoods To Live In Louisville For 2022

1. Edgewood

Overall SnackAbility

5
/10

Population: 1,463
Cost Of Living Index: 83 (6th cheapest)
Home Value To Income Ratio: 2.3 (13th cheapest)
Rent To Income Ratio: 0.009 (4th cheapest)
More on Edgewood: Homes For Sale | Data

2. Merriwether

Overall SnackAbility

4
/10

Population: 1,119
Cost Of Living Index: 80 (2nd cheapest)
Home Value To Income Ratio: 1.5 (2nd cheapest)
Rent To Income Ratio: 0.016 (26th cheapest)
More on Merriwether: Homes For Sale | Data

3. Hazelwood

Overall SnackAbility

4
/10

Population: 1,577
Cost Of Living Index: 82 (4th cheapest)
Home Value To Income Ratio: 1.4 (cheapest)
Rent To Income Ratio: 0.02 (39th cheapest)
More on Hazelwood: Homes For Sale | Data

4. Iroquois

Overall SnackAbility

6
/10

Population: 4,592
Cost Of Living Index: 85 (14th cheapest)
Home Value To Income Ratio: 2.3 (12th cheapest)
Rent To Income Ratio: 0.016 (22nd cheapest)
More on Iroquois: Homes For Sale | Data

5. Camp Taylor

Overall SnackAbility

4
/10

Population: 1,809
Cost Of Living Index: 85 (14th cheapest)
Home Value To Income Ratio: 2.9 (3cheapest)
Rent To Income Ratio: 0.011 (10th cheapest)
More on Camp Taylor: Homes For Sale | Data

6. Parkland

Overall SnackAbility

3
/10

Population: 5,182
Cost Of Living Index: 84 (9th cheapest)
Home Value To Income Ratio: 1.9 (6th cheapest)
Rent To Income Ratio: 0.023 (48th cheapest)
More on Parkland: Homes For Sale | Data

7. Algonquin

Overall SnackAbility

3
/10

Population: 7,253
Cost Of Living Index: 84 (9th cheapest)
Home Value To Income Ratio: 2.1 (9th cheapest)
Rent To Income Ratio: 0.023 (46th cheapest)
More on Algonquin: Homes For Sale | Data

8. Southside

Overall SnackAbility

6
/10

Population: 5,741
Cost Of Living Index: 87 (24th cheapest)
Home Value To Income Ratio: 2.4 (16th cheapest)
Rent To Income Ratio: 0.016 (27th cheapest)
More on Southside: Homes For Sale | Data

9. Russell

Overall SnackAbility

3
/10

Population: 9,015
Cost Of Living Index: 80 (2nd cheapest)
Home Value To Income Ratio: 1.6 (3rd cheapest)
Rent To Income Ratio: 0.031 (64th cheapest)
More on Russell: Homes For Sale | Data

10. Hallmark

Overall SnackAbility

5
/10

Population: 480
Cost Of Living Index: 83 (6th cheapest)
Home Value To Income Ratio: 3.7 (5cheapest)
Rent To Income Ratio: 0.011 (13th cheapest)
More on Hallmark: Homes For Sale | Data

Methodology: How We Determined The Cheapest Louisville Hoods In 2022

In order to rank the cheapest places to live in Louisville, we had to determine what criteria defines "cheap".

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 65 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, Edgewood.

Read on below to learn more about what it's like to live in the cheapest places Louisville. Or 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 we mentioned earlier, the neighborhoods in Louisville aren't all cheap. Central Business District 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 2022

Rank Neighborhood Cost Of Living Index
1 Edgewood 83
2 Merriwether 80
3 Hazelwood 82
4 Iroquois 85
5 Camp Taylor 85
6 Parkland 84
7 Algonquin 84
8 Southside 87
9 Russell 80
10 Hallmark 83
11 Portland 82
12 Chickasaw 84
13 Jacobs 85
14 Audubon 93
15 Park Duvalle 84
16 Taylor Berry 87
17 Park Hill 85
18 Klondike 93
19 Prestonia 89
20 South Louisville 85
21 Poplar Level 102
22 Shawnee 87
23 Avondale Melbourne Heights 97
24 Gardiner Lane 100
25 Beechmont 89
26 Smoketown Jackson 86
27 Phoenix Hill 86
28 Saint Joseph 88
29 Hawthorne 102
30 Clifton 94
31 Wyandotte 88
32 Schnitzelburg 92
33 Cloverleaf 94
34 California 84
35 Paristowne Point 88
36 Clifton Heights 88
37 Belknap 107
38 Kenwood Hill 91
39 Bon Air 93
40 Rock Creek Lexington Road 106
41 Iroquios Park 93
42 Irish Hill 93
43 Hikes Point 102
44 Bowman 104
45 Brownsboro Zorn 103
46 Deer Park 105
47 Butchertown 94
48 Highlands 96
49 Cherokee Seneca 119
50 Shelby Park 85
51 Wilder Park 86
52 Germantown 96
53 Cherokee Gardens 132
54 Crescent Hill 105
55 Tyler Park 104
56 Highlands Douglas 121
57 Bashford Manor 87
58 Hayfield Dundee 107
59 Soutland Park 87
60 Limerick 86
61 Cherokee Triangle 110
62 Bonnycastle 123
63 Old Louisville 89
64 University 92
65 Central Business District 102

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Louisville.

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.

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