Alexandria, KY vs Independence, KY

Alexandria, KY and Independence, KY have a very similar cost of living, with only a 3.6% difference in their overall index. Alexandria scores 86 while Independence scores 89 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Alexandria is $1,062/month compared to $1,204/month in Independence — a 12% difference. Interestingly, home values tell a different story: while Alexandria has cheaper rent, Independence actually has lower median home values ($240,500 vs $253,400).

Median household income in Alexandria is $103,750 compared to $98,653 in Independence (+5.2%). Alexandria offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alexandria spend roughly 12.3% of their income on rent, less than the 14.6% in Independence.