Fort Thomas, KY vs Independence, KY

Fort Thomas, KY and Independence, KY have a very similar cost of living, with only a 1.9% difference in their overall index. Fort Thomas scores 91 while Independence scores 89 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 Fort Thomas is $1,095/month compared to $1,204/month in Independence — a 9% difference. Interestingly, home values tell a different story: while Fort Thomas has cheaper rent, Independence actually has lower median home values ($240,500 vs $301,400).

Median household income in Fort Thomas is $100,819 compared to $98,653 in Independence (+2.2%). 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 Fort Thomas spend roughly 13% of their income on rent, less than the 14.6% in Independence.