Florence, KY vs St. Matthews, KY

Florence is moderately more affordable than St. Matthews, with a 12.2% lower cost of living index. Florence scores 85 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 Florence is $1,199/month compared to $1,253/month in St. Matthews — a 4% difference. Home values follow the same pattern: Florence is more affordable at $196,200 median vs $325,700.

Median household income in Florence is $68,508 compared to $80,716 in St. Matthews (-15.1%). 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 Florence spend roughly 21% of their income on rent, more than the 18.6% in St. Matthews.