Cost of Living in Fort Mitchell, KY

Population 8,676 · Kentucky · Data vintage 2023

100
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fort Mitchell sits on the smaller end of the Kentucky city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.

Geographically, Fort Mitchell sits roughly 7 miles southwest of Cincinnati. Median home values run roughly 65% higher than Cincinnati's $215,000.

Cost Overview

Housing 116
Rent 75

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fort Mitchell

The median home value in Fort Mitchell is $354,700 — 16% above the national median of $305,000. Median rent runs $987/month, 25% lower than the national median of $1,314/month. The median household income of $80,814/year is 8% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. The climate averages highs of 64.4°F and lows of 44.9°F, with about 23.3" of annual snowfall. Overall, Fort Mitchell has a cost of living index of 100 versus the US average of 100, meaning it is on par with the national average.

🏠 Housing

Median Home Value
$354,700
16% above avg
Zillow Home Value
$1,380,859
Zillow ZHVI
Median Rent
$987/mo
25% below avg
Price-to-Rent Ratio
29.9x
Favors renting
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$636
1 BR
$721
2 BR
$872
3 BR
$1,187
4 BR
$1,336
Owner-occupied 58.1%
Renter-occupied 41.9%

💰 Estimated Monthly Budget

Rent median rent
$987
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,601/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.6 min
16% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.9%

Commute Mode

Drove alone
80.5%
Carpooled
1.9%
Public transit
1.3%
Work from home
15.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.0%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$80,814
8% above avg
Per Capita Income
$55,471
Unemployment Rate
2.5%
49% below avg
Poverty Rate
8.8%
Labor Force Participation
72.0%

🎓 Education

Bachelor's degree+ 29.6%
Graduate degree 19.9%

👥 Demographics

Median Age 37.3
Male median age 36.2
Female median age 37.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.4°F
Avg Low
44.9°F
Annual Precip
45.3"
Annual Snowfall
23.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404454667583868579675443
Low °F 232634445462666557463528
Precip" 3.303.174.164.534.674.753.833.433.113.353.233.73
Snow" 7.76.73.40.40.00.00.00.00.00.20.84.1

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
18.1:1
Student-teacher ratio
3
Public schools
1,502
Total enrollment

Frequently Asked Questions

What is the cost of living in Fort Mitchell, KY?

Fort Mitchell has a cost index of 100 (100 = national average). It is near the national average.

What is average rent in Fort Mitchell, KY?

The median gross rent in Fort Mitchell is $987 per month based on 2023 Census data.

What is the average home price in Fort Mitchell?

The median home value in Fort Mitchell is $354,700 according to Zillow and Census data.

What is the median income in Fort Mitchell?

The median household income in Fort Mitchell is $80,814 per year (2023 ACS 5-year estimates).

What is the sales tax in Fort Mitchell, KY?

The combined state and local sales tax rate in Fort Mitchell is 6.0%. The Kentucky state income tax top rate is 4.0%.

Is Fort Mitchell, KY affordable?

Fort Mitchell is near the national average in terms of cost of living, with an index of 100 (100 = US average).

What is the weather like in Fort Mitchell?

Fort Mitchell has average high temperatures of 64.4°F and average lows of 44.9°F. Annual precipitation is 45.3". Average annual snowfall is 23.3". Data from NOAA 1991–2020 Climate Normals.

Fort Mitchell at a Glance

Population
8,676
Median Income
$80,814
Home Value
$354,700
Median Rent
$987/mo
Unemployment
2.5%
Avg High Temp
64.4°F
Sales Tax
6.0%
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