Elkhorn City, KY vs Morgantown, KY

Elkhorn City, KY and Morgantown, KY have a very similar cost of living, with only a 0.5% difference in their overall index. Elkhorn City scores 59 while Morgantown scores 58 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Elkhorn City is $588/month compared to $582/month in Morgantown — a 1% difference. Interestingly, home values tell a different story: while Morgantown has cheaper rent, Elkhorn City actually has lower median home values ($105,100 vs $111,400).

Median household income in Elkhorn City is $58,021 compared to $37,037 in Morgantown (+56.7%). While Elkhorn City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elkhorn City spend roughly 12.2% of their income on rent, less than the 18.9% in Morgantown.