Richmond, KY vs Shepherdsville, KY

Richmond, KY and Shepherdsville, KY have a very similar cost of living, with only a 1.8% difference in their overall index. Richmond scores 75 while Shepherdsville scores 76 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 Richmond is $860/month compared to $898/month in Shepherdsville — a 4% difference. Interestingly, home values tell a different story: while Richmond has cheaper rent, Shepherdsville actually has lower median home values ($202,300 vs $205,900).

Median household income in Richmond is $48,223 compared to $71,250 in Shepherdsville (-32.3%). While Shepherdsville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Richmond spend roughly 21.4% of their income on rent, more than the 15.1% in Shepherdsville.