Falmouth, KY vs Flatwoods, KY

Falmouth, KY and Flatwoods, KY have a very similar cost of living, with only a 0.4% difference in their overall index. Falmouth scores 68 while Flatwoods scores 68 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 Falmouth is $846/month compared to $923/month in Flatwoods — a 8% difference. Home values follow the same pattern: Falmouth is more affordable at $111,300 median vs $112,200.

Median household income in Falmouth is $38,177 compared to $60,467 in Flatwoods (-36.9%). While Flatwoods is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Falmouth spend roughly 26.6% of their income on rent, more than the 18.3% in Flatwoods.