Fort Thomas, KY Cost Of Living
Cost Of Living In Fort Thomas, KY Summary
Cost of living in Fort Thomas research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fort Thomas is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fort Thomas is 104, with 100 being the average.
The cost of living index in Fort Thomas is 1.0x higher than the national average.
Fort Thomas ranks as the #72 cheapest in Kentucky out of 84.
Fort Thomas ranks as the #3,063 cheapest out of 6,489 in the US.
The median home value in Fort Thomas is $349,340.
The median income in Fort Thomas is $100,819.
Table Of Contents
Fort Thomas's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fort Thomas, KY?
According to the most recent data on the cost of living, Fort Thomas has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Kentucky, Fort Thomas has a cost of living index that's 1.1x higher than Kentucky's index of 92.
The standard of living in Fort Thomas ranks as #72 most affordable out of the 84 places we measured in Kentucky. By definition, that implies Fort Thomas ranks as the #12 most expensive place in the Bluegrass State.
For more reading on life in Fort Thomas, check out:
In Kentucky
In America
Fort Thomas Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Fort Thomas. Here is how it fairs on each of the criteria:
The Services index in Fort Thomas is 104.
The Groceries index in Fort Thomas is 104.
The Health index in Fort Thomas is 104.
The Housing index in Fort Thomas is 115.
The Transportation index in Fort Thomas is 101.
The Utilities index in Fort Thomas is 98.
| Living Expense | Fort Thomas | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 104 | 92 | 100 | |
| Services | 104 | 101 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 104 | 85 | 100 | |
| Housing | 115 | 71 | 100 | |
| Transportation | 101 | 94 | 100 | |
| Utilities | 98 | 105 | 100 | |
Fort Thomas, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Fort Thomas is $349,340.
The Median Rent in Fort Thomas is $1,095.
The Median Income in Fort Thomas is $100,819.
The Home Value To Income in Fort Thomas is 3.5x.
The Rent To Monthly Income in Fort Thomas is 0.13x.
| Statistic | Fort Thomas | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $349,340 | $226,606 | $303,400 |
| Median Rent | $1,095 | $933 | $1,348 |
| Median Income | $100,819 | $62,417 | $78,538 |
| Home Value To Income | 3.5x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Fort Thomas, KY Costs By Category
Detailed Fort Thomas Services Costs Vs. Kentucky
| Item | Fort Thomas | Kentucky |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $14.35 | $12.13 |
| Bowling | $17.56 | $18 |
| Haircut | $25.13 | $24.26 |
| Beauty Salon | $37.93 | $45.56 |
Detailed Fort Thomas Groceries Costs Vs. Kentucky
| Item | Fort Thomas | Kentucky |
|---|---|---|
| Ground Beef | $5.91 | $5.84 |
| Fried Chicken | $1.72 | $1.57 |
| Milk | $4.8 | $4.67 |
| Potatoes | $5.05 | $4.93 |
| Pizza | $11.92 | $12.09 |
| Beer | $10.63 | $10.41 |
| Toothpaste | $3.6 | $3.7 |
Detailed Fort Thomas Health Costs Vs. Kentucky
| Item | Fort Thomas | Kentucky |
|---|---|---|
| Optometrist | $105.42 | $125.68 |
| Doctor | $159.4 | $135.78 |
| Dentist | $106.67 | $113.29 |
Detailed Fort Thomas Transportation Costs Vs. Kentucky
| Item | Fort Thomas | Kentucky |
|---|---|---|
| Gasoline | $3.27 | $3.46 |
| Tire Balancing | $73.09 | $59.92 |
Detailed Fort Thomas Utilities Costs Vs. Kentucky
| Item | Fort Thomas | Kentucky |
|---|---|---|
| All Electricity | $197.1 | $193.99 |
| Phone | $186.48 | $192.25 |
Fort Thomas SnackAbility
/10
Cost Of Living In Cities Around Fort Thomas
The cost of living varies in the cities and towns around Fort Thomas. Here's a quick look at the cost of living in the most populous nearby places:
Newport, KY has a cost of living index of 96, 0.9x Fort Thomas.
Monfort Heights, OH has a cost of living index of 97, 0.9x Fort Thomas.
Mack, OH has a cost of living index of 109, 1.0x Fort Thomas.
| City | Population | Cost Of Living | Vs. Fort Thomas |
|---|---|---|---|
| Newport, KY | 14,039 | 96 | 0.9x |
| Monfort Heights, OH | 12,203 | 97 | 0.9x |
| Mack, OH | 11,444 | 109 | 1.0x |
| Forestville, OH | 11,213 | 107 | 1.0x |
| Montgomery, OH | 10,816 | 128 | 1.2x |
| Madeira, OH | 9,454 | 118 | 1.1x |
| Wyoming, OH | 8,712 | 121 | 1.2x |
| Kenwood, OH | 8,484 | 114 | 1.1x |
| Dry Run, OH | 7,765 | 119 | 1.1x |
| Highland Heights, KY | 6,531 | 95 | 0.9x |
