Louisville has the 30th largest population in the United States. The population grew by 3.1% from 2010 to 2015, which was faster than the national average. Unemployment in the Louisville area is 4%, which is lower than the national average, and is getting better. Louisville has the 48th largest local economy in the US, and a low cost of living. The average pay for jobs in Louisville is below average at $43,410, and the median cost of a home in Louisville is $140,400, which is below the national average. 27% of workers in Louisville hold a bachelors degree or higher (above average), and 86% of workers have a high school degree (above average). Driving to work is especially common in Louisville. 82% of Louisville workers drive to work alone, 3% take public transit, 8% carpool, and 6% walk. People in Louisville spend an average of 22 minutes commuting to work, which is shorter than the national average of 26 minutes.