Covington, KY vs St. Matthews, KY

There is a significant gap in the cost of living between these two cities. Covington is 22.4% cheaper than St. Matthews. With a cost index of 76 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Covington to St. Matthews should plan for substantially higher expenses across most categories.

On the housing front, median rent in Covington is $949/month compared to $1,253/month in St. Matthews — a 24% difference. Home values follow the same pattern: Covington is more affordable at $167,900 median vs $325,700.

Median household income in Covington is $58,814 compared to $80,716 in St. Matthews (-27.1%). While St. Matthews 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 18.6% in St. Matthews.