St. Matthews, KY Cost Of Living
Cost Of Living In St. Matthews, KY Summary
Cost of living in St. Matthews 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 St. Matthews 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 St. Matthews is 110, with 100 being the average.
The cost of living index in St. Matthews is 1.1x higher than the national average.
St. Matthews ranks as the #79 cheapest in Kentucky out of 84.
St. Matthews ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in St. Matthews is $383,805.
The median income in St. Matthews is $80,716.
Table Of Contents
St. Matthews's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in St. Matthews, KY?
According to the most recent data on the cost of living, St. Matthews has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Kentucky, St. Matthews has a cost of living index that's 1.2x higher than Kentucky's index of 92.
The standard of living in St. Matthews ranks as #79 most affordable out of the 84 places we measured in Kentucky. By definition, that implies St. Matthews ranks as the #5 most expensive place in the Bluegrass State.
For more reading on life in St. Matthews, check out:
In Kentucky
In America
St. Matthews Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in St. Matthews. Here is how it fairs on each of the criteria:
The Services index in St. Matthews is 102.
The Groceries index in St. Matthews is 103.
The Health index in St. Matthews is 83.
The Housing index in St. Matthews is 131.
The Transportation index in St. Matthews is 90.
The Utilities index in St. Matthews is 106.
| Living Expense | St. Matthews | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 110 | 92 | 100 | |
| Services | 102 | 101 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 83 | 85 | 100 | |
| Housing | 131 | 71 | 100 | |
| Transportation | 90 | 94 | 100 | |
| Utilities | 106 | 105 | 100 | |
St. Matthews, 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 St. Matthews is $383,805.
The Median Rent in St. Matthews is $1,253.
The Median Income in St. Matthews is $80,716.
The Home Value To Income in St. Matthews is 4.8x.
The Rent To Monthly Income in St. Matthews is 0.19x.
| Statistic | St. Matthews | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $383,805 | $226,606 | $303,400 |
| Median Rent | $1,253 | $933 | $1,348 |
| Median Income | $80,716 | $62,417 | $78,538 |
| Home Value To Income | 4.8x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
St. Matthews, KY Costs By Category
Detailed St. Matthews Services Costs Vs. Kentucky
| Item | St. Matthews | Kentucky |
|---|---|---|
| Shampoo | $1.21 | $1.28 |
| Movie | $13.05 | $12.13 |
| Bowling | $21.91 | $18 |
| Haircut | $26.5 | $24.26 |
| Beauty Salon | $53.07 | $45.56 |
Detailed St. Matthews Groceries Costs Vs. Kentucky
| Item | St. Matthews | Kentucky |
|---|---|---|
| Ground Beef | $6.07 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.72 | $4.67 |
| Potatoes | $5.19 | $4.93 |
| Pizza | $10.35 | $12.09 |
| Beer | $9.84 | $10.41 |
| Toothpaste | $3.5 | $3.7 |
Detailed St. Matthews Health Costs Vs. Kentucky
| Item | St. Matthews | Kentucky |
|---|---|---|
| Optometrist | $87.52 | $125.68 |
| Doctor | $106.15 | $135.78 |
| Dentist | $102.55 | $113.29 |
Detailed St. Matthews Transportation Costs Vs. Kentucky
| Item | St. Matthews | Kentucky |
|---|---|---|
| Gasoline | $3.11 | $3.46 |
| Tire Balancing | $58.38 | $59.92 |
Detailed St. Matthews Utilities Costs Vs. Kentucky
| Item | St. Matthews | Kentucky |
|---|---|---|
| All Electricity | $207.41 | $193.99 |
| Phone | $192.46 | $192.25 |
St. Matthews SnackAbility
/10
Cost Of Living In Cities Around St. Matthews
The cost of living varies in the cities and towns around St. Matthews. Here's a quick look at the cost of living in the most populous nearby places:
Jeffersontown, KY has a cost of living index of 101, 0.9x St. Matthews.
Lyndon, KY has a cost of living index of 102, 0.9x St. Matthews.
Middletown, KY has a cost of living index of 105, 1.0x St. Matthews.
| City | Population | Cost Of Living | Vs. St. Matthews |
|---|---|---|---|
| Jeffersontown, KY | 28,988 | 101 | 0.9x |
| Lyndon, KY | 10,956 | 102 | 0.9x |
| Middletown, KY | 9,622 | 105 | 1.0x |
| Crestwood, KY | 6,275 | 110 | 1.0x |
| Douglass Hills, KY | 5,437 | 113 | 1.0x |
