Florence, KY vs Fort Thomas, KY

Florence is moderately more affordable than Fort Thomas, with a 6% lower cost of living index. Florence scores 85 compared to 91 for Fort Thomas, where the US average is 100. This difference means residents of Fort Thomas can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Florence is $1,199/month compared to $1,095/month in Fort Thomas — a 10% difference. Interestingly, home values tell a different story: while Fort Thomas has cheaper rent, Florence actually has lower median home values ($196,200 vs $301,400).

Median household income in Florence is $68,508 compared to $100,819 in Fort Thomas (-32%). While Fort Thomas is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Florence spend roughly 21% of their income on rent, more than the 13% in Fort Thomas.