Cold Spring, KY vs St. Matthews, KY

Cold Spring is moderately more affordable than St. Matthews, with a 9.4% lower cost of living index. Cold Spring scores 88 compared to 97 for St. Matthews, where the US average is 100. This difference means residents of St. Matthews can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cold Spring is $1,185/month compared to $1,253/month in St. Matthews — a 5% difference. Home values follow the same pattern: Cold Spring is more affordable at $235,200 median vs $325,700.

Median household income in Cold Spring is $80,172 compared to $80,716 in St. Matthews (-0.7%). St. Matthews does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Cold Spring spend roughly 17.7% of their income on rent, less than the 18.6% in St. Matthews.