Beaver Dam, KY vs Mayfield, KY

Mayfield is moderately more affordable than Beaver Dam, with a 10.7% lower cost of living index. Beaver Dam scores 66 compared to 60 for Mayfield, where the US average is 100. This difference means residents of Beaver Dam can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Beaver Dam is $717/month compared to $598/month in Mayfield — a 20% difference. Home values follow the same pattern: Mayfield is more affordable at $114,400 median vs $155,800.

Median household income in Beaver Dam is $52,546 compared to $41,458 in Mayfield (+26.7%). While Beaver Dam is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beaver Dam spend roughly 16.4% of their income on rent, less than the 17.3% in Mayfield.