Covington, KY vs Shepherdsville, KY

Covington, KY and Shepherdsville, KY have a very similar cost of living, with only a 1.2% difference in their overall index. Covington scores 76 while Shepherdsville scores 76 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 Covington is $949/month compared to $898/month in Shepherdsville — a 6% difference. Interestingly, home values tell a different story: while Shepherdsville has cheaper rent, Covington actually has lower median home values ($167,900 vs $202,300).

Median household income in Covington is $58,814 compared to $71,250 in Shepherdsville (-17.5%). While Shepherdsville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Covington spend roughly 19.4% of their income on rent, more than the 15.1% in Shepherdsville.