Elkhorn City, KY vs Falmouth, KY

Elkhorn City is moderately more affordable than Falmouth, with a 13.6% lower cost of living index. Elkhorn City scores 59 compared to 68 for Falmouth, where the US average is 100. This difference means residents of Falmouth can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elkhorn City is $588/month compared to $846/month in Falmouth — a 31% difference. Home values follow the same pattern: Elkhorn City is more affordable at $105,100 median vs $111,300.

Median household income in Elkhorn City is $58,021 compared to $38,177 in Falmouth (+52%). Elkhorn City offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elkhorn City spend roughly 12.2% of their income on rent, less than the 26.6% in Falmouth.