Clay, KY vs Phelps, KY

There is a significant gap in the cost of living between these two cities. Clay is 24.2% cheaper than Phelps. With a cost index of 62 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clay to Phelps should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Clay are $75,600 compared to $111,600 in Phelps, a 32% gap.

Median household income in Clay is $43,884 compared to $28,542 in Phelps (+53.8%). Clay offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.