Richmond, KY vs St. Matthews, KY

There is a significant gap in the cost of living between these two cities. Richmond is 22.9% cheaper than St. Matthews. With a cost index of 75 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Richmond to St. Matthews should plan for substantially higher expenses across most categories.

On the housing front, median rent in Richmond is $860/month compared to $1,253/month in St. Matthews — a 31% difference. Home values follow the same pattern: Richmond is more affordable at $205,900 median vs $325,700.

Median household income in Richmond is $48,223 compared to $80,716 in St. Matthews (-40.3%). 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 Richmond spend roughly 21.4% of their income on rent, more than the 18.6% in St. Matthews.