St. Matthews, KY

Average · 93

Kentucky · Population 17,491 · Updated March 2026

$1,253
Median Rent / Month
$80,716
Median Income
$325,700
Median Home Value
$1,214
Owner Costs / Month

Affordability

How far your income goes in St. Matthews

18.6%
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

$15,036
Annual Rent
$3,229
State Income Tax
$2,703
Property Tax (est.)

Cost of Living Overview

St. Matthews offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 93 (where 100 equals the national median), St. Matthews residents can expect to pay median rent of $1,253/month while earning a median household income of $80,716/year.

The median home value in St. Matthews, KY is $325,700, with typical monthly owner costs around $1,214 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.6% 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 St. Matthews.

Frequently Asked Questions

Common questions about living costs in St. Matthews

What is the cost of living in St. Matthews, KY?
The cost of living index in St. Matthews, KY is 93 (US average = 100). Median monthly rent is $1,253, median household income is $80,716/year, and the median home value is $325,700.
Is St. Matthews, KY affordable?
Yes, St. Matthews is more affordable than the national average with a cost index of 93. The rent-to-income ratio is 18.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in St. Matthews, KY?
The median gross rent in St. Matthews, KY is $1,253 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,036.
What is the median household income in St. Matthews?
The median household income in St. Matthews, KY is $80,716 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%.