Discovering the Cheapest Cities in America to Reside

06 Louisville, Kentucky

Louisville is the 30th most populous city in the country. Named after France's then-ruling monarch, King Louis, XVI, Louisville is an old city. In fact, it's one of the oldest cities situated west of the Appalachian Mountains. One of Kentucky's two first-class cities, Louisville is home to three Fortune companies. The median income in Louisville is $57,279 with median rental prices between $666 for a one-bed and $842 for a two-bed. Housing costs are 13.7% less than the national average, including data for both renting and buying.