Fredonia, KY vs Silver Grove, KY

Fredonia, KY and Silver Grove, KY have a very similar cost of living, with only a 2.7% difference in their overall index. Fredonia scores 64 while Silver Grove scores 62 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 Fredonia is $783/month compared to $675/month in Silver Grove — a 16% difference. Interestingly, home values tell a different story: while Silver Grove has cheaper rent, Fredonia actually has lower median home values ($94,600 vs $103,400).

Median household income in Fredonia is $67,396 compared to $46,315 in Silver Grove (+45.5%). While Fredonia is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fredonia spend roughly 13.9% of their income on rent, less than the 17.5% in Silver Grove.