salaryRent is higher than in 53% of U.S. cities. A typical house costs about 3.8 years of household income. Commutes are short, about 19.6 minutes. It is a highly educated city: 58.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $68,280 a year. That is $33 an hour at a full-time job.
Is rent cheaper than other Kentucky cities?
No. Rent here is more expensive than in most of Kentucky. It is number 79 of 87 cities from cheapest to most expensive.
How much do households earn in St. Matthews?
Share of households by yearly income. 31.0% of households earn $100,000 or more.
Rent by apartment size in St. Matthews
| Size | St. Matthews | U.S. average |
|---|---|---|
| Studio | $1,277 | $1,338 |
| 1 bedroom | $1,178 | $1,324 |
| 2 bedrooms | $1,595 | $1,509 |
| 3 bedrooms | $1,866 | $1,698 |
| 4 bedrooms | $2,605 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is St. Matthews overall?
Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for St. Matthews, so the Kentucky figure is shown.
Taxes and bills in St. Matthews
Life in St. Matthews
Is it cheaper to rent or buy in St. Matthews?
Renting is cheaper right now: about $638 a month less.
Owning assumes a typical $338,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,800 for the down payment.
Frequently asked questions
What is the average rent in St. Matthews, KY?
Renting in St. Matthews costs a median of about $1,707 a month in 2026, including utilities. The Kentucky median is $1,175.
How much do I need to make to live in St. Matthews?
To keep rent under 30% of income, you need about $68,280 a year, or $33 an hour at a full-time job.
Is St. Matthews cheap or expensive?
St. Matthews is rated OK: rent takes 23.0% of the typical household income of $88,881. It ranks 79th cheapest of 87 Kentucky cities we track.
How much are property taxes in St. Matthews?
The median homeowner in St. Matthews pays $3,078 a year in property taxes, about 0.91% of the median home value.
Is St. Matthews more expensive than the national average?
Overall prices in Kentucky are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in St. Matthews?
The median home value in St. Matthews is $338,000, about 3.8 times the typical yearly household income.
17,577 people live in St. Matthews. Numbers are typical (middle) values.