St Matthews, KY vs. Shively, KY: Cost of Living Comparison (2025)
Meet the Wilsons, a family of four debating a move to the Louisville suburbs. St Matthews and Shively top their list, but which one makes more financial sense in 2025? This article breaks down the key cost of living differences to help the Wilsons – and you – decide which city fits your lifestyle and budget.
Housing Costs
Housing is the biggest factor in the cost of living in St Matthews vs Shively. Here’s how typical rental and purchase prices compare:
| Housing Type | St Matthews | Shively |
|---|---|---|
| 2BR Apartment (Monthly Rent) | $1,250 | $950 |
| 3BR House (Median Price) | $325,000 | $225,000 |
🏆 Winner: Shively. Renting a 2-bedroom apartment costs $300 less per month in Shively compared to St Matthews. Buying a home is also more affordable, with the median price for a 3-bedroom house coming in $100,000 lower.
For a full look at typical monthly expenses, check out this guide on Average Monthly Expenses in St Matthews, KY.
Utilities and Energy Costs
Utility bills are fairly comparable between the two cities. St Matthews residents pay about $180 per month for electricity, gas, water and sewer. In Shively, the average is closer to $160.
Both areas experience hot summers and cold winters, so expect higher heating and cooling costs than more temperate regions. Taking advantage of off-peak energy plans can help manage seasonal spikes.
🏆 Winner: Shively, but only by a small margin. Utility costs are similar in both cities.
Groceries and Daily Expenses
Weekly grocery bills for a family of four average $140 in St Matthews compared to $125 in Shively. Eating out is also slightly cheaper in Shively, with a meal for two at a mid-range restaurant costing around $45 versus $55 in St Matthews.
However, St Matthews offers more upscale grocery stores and dining options for those willing to spend a bit extra. Shively’s options tend to be more limited and budget-friendly.
🏆 Winner: Shively. Expect to save about 10-15% on groceries and dining out compared to St Matthews.
Taxes and Fees
St Matthews has a slightly higher property tax rate of 0.96% compared to Shively’s 0.89%. For a $250,000 home, that’s a difference of $175 per year.
Both cities charge similar fees for services like trash collection and sewer maintenance. HOA fees can vary widely by neighborhood, but tend to be higher in St Matthews due to more amenities like pools and fitness centers.
🏆 Winner: Shively. Lower property taxes and HOA fees give Shively a slight edge.
Cost Summary
| Category | St Matthews | Shively |
|---|---|---|
| Housing (3BR house) | $1,900 | $1,400 |
| Utilities | $180 | $160 |
| Groceries | $600 | $540 |
| Transportation | $300 | $250 |
| Taxes & Fees | $450 | $400 |
| Misc Expenses | $400 | $350 |
| Estimated Monthly Total | $3,830 | $3,100 |
Note: Figures above are estimates based on a gross monthly income (pre-tax) for a family of four. Your actual costs may vary. See a full cost of living breakdown for St Matthews for more details.
Lifestyle Fit
While Shively comes out ahead on costs, St Matthews offers perks that could be worth the premium for some families. It’s known for excellent public schools, walkable neighborhoods, and quick access to downtown Louisville.
Shively has a slower pace and more affordable housing, but longer commutes. St Matthews averages 10°F cooler in July than Shively due to more mature trees and green space.
Frequently Asked Questions
Is St Matthews more affordable than Shively?
No, Shively has a lower overall cost of living, especially for housing. However, St Matthews offers more amenities that some find worth the extra cost.
Which city has lower rent?
Shively has lower average rent prices. A typical 2-bedroom apartment costs $950 per month compared to $1,250 in St Matthews.
Where is it cheaper to buy a home?
Shively has lower median home prices. Expect to pay around $225,000 for a 3-bedroom house versus $325,000 in St Matthews.
The Bottom Line
For the budget-conscious, Shively offers lower living costs across the board, especially for housing. But St Matthews’ higher prices come with perks like top-rated schools and shorter commutes.
Young professionals and empty nesters may prefer St Matthews’ walkability and proximity to downtown. Growing families looking to stretch their dollar will find better value in Shively.
Ultimately, the right choice depends on your family’s priorities and lifestyle. Weigh the tradeoffs and crunch the numbers to see which city fits best. If you decide to make the move, consult our Best Moving Companies Guide for a smooth transition.