Richmond, KY vs Shively, KY

Shively is moderately more affordable than Richmond, with a 7.7% lower cost of living index. Richmond scores 75 compared to 70 for Shively, where the US average is 100. This difference means residents of Richmond can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Richmond is $860/month compared to $847/month in Shively — a 2% difference. Home values follow the same pattern: Shively is more affordable at $139,200 median vs $205,900.

Median household income in Richmond is $48,223 compared to $46,522 in Shively (+3.7%). Richmond does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Richmond spend roughly 21.4% of their income on rent, less than the 21.8% in Shively.