Cost of Living in Forest Hills, KY

With a cost of living index of 106, Forest Hills, KY is somewhat more expensive than average. Living here is 6% more expensive than the national average and 28% above the Kentucky state average of 78. Forest Hills is a small community of 374 residents.

Housing costs are the biggest factor in Forest Hills's cost of living. The median monthly rent is $1,773 (34% above the US median of $1,319), and the median home value sits at $241,200 (21% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Forest Hills is $76,667, which is 2% higher than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

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.