Elsmere, KY vs Park Hills, KY

Elsmere, KY and Park Hills, KY have a very similar cost of living, with only a 3.2% difference in their overall index. Elsmere scores 85 while Park Hills scores 83 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 Elsmere is $1,303/month compared to $900/month in Park Hills — a 45% difference. Interestingly, home values tell a different story: while Park Hills has cheaper rent, Elsmere actually has lower median home values ($157,200 vs $274,200).

Median household income in Elsmere is $61,427 compared to $102,112 in Park Hills (-39.8%). Park Hills offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elsmere spend roughly 25.5% of their income on rent, more than the 10.6% in Park Hills.