Ashland, KY vs Versailles, KY
There is a significant gap in the cost of living between these two cities. Ashland is 21.3% cheaper than Versailles. With a cost index of 67 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ashland to Versailles should plan for substantially higher expenses across most categories.
On the housing front, median rent in Ashland is $859/month compared to $1,051/month in Versailles — a 18% difference. Home values follow the same pattern: Ashland is more affordable at $125,300 median vs $257,600.
Median household income in Ashland is $52,199 compared to $58,834 in Versailles (-11.3%). The higher salaries in Versailles partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Ashland spend roughly 19.7% of their income on rent, less than the 21.4% in Versailles.
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