Fort Thomas, KY

Below Avg · 86

Kentucky · Population 17,242 · Updated March 2026

$1,095
Median Rent / Month
$100,819
Median Income
$301,400
Median Home Value
$1,253
Owner Costs / Month

Affordability

How far your income goes in Fort Thomas

13.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Kentucky

State-level tax rates that affect your costs

4.0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$13,140
Annual Rent
$4,033
State Income Tax
$2,502
Property Tax (est.)

Cost of Living Overview

Fort Thomas offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 86 (where 100 equals the national median), Fort Thomas residents can expect to pay median rent of $1,095/month while earning a median household income of $100,819/year.

The median home value in Fort Thomas, KY is $301,400, with typical monthly owner costs around $1,253 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Kentucky has a moderate income tax rate of 4.0%. Combined with a 6.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Fort Thomas.

Frequently Asked Questions

Common questions about living costs in Fort Thomas

What is the cost of living in Fort Thomas, KY?
The cost of living index in Fort Thomas, KY is 86 (US average = 100). Median monthly rent is $1,095, median household income is $100,819/year, and the median home value is $301,400.
Is Fort Thomas, KY affordable?
Yes, Fort Thomas is more affordable than the national average with a cost index of 86. The rent-to-income ratio is 13.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fort Thomas, KY?
The median gross rent in Fort Thomas, KY is $1,095 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,140.
What is the median household income in Fort Thomas?
The median household income in Fort Thomas, KY is $100,819 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Kentucky?
Kentucky has a top income tax rate of 4.0%, a sales tax of 6.0%, and an effective property tax rate of 0.83%.