Cost of Living in Beechwood Village, KY

With a cost of living index of 98, Beechwood Village, KY is right around the national average in cost. Living here is 2% cheaper than the national average and 20% above the Kentucky state average of 78. Beechwood Village is a small community of 1,305 residents.

Housing costs are the biggest factor in Beechwood Village's cost of living. The median monthly rent is $1,257 (5% below the US median of $1,319), and the median home value sits at $335,400 (10% above the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Beechwood Village is $119,688, which is 59% higher than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Louisville/Jefferson County, KY-IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.