Falmouth, KY vs Greenup, KY

Falmouth, KY and Greenup, KY have a very similar cost of living, with only a 2.2% difference in their overall index. Falmouth scores 68 while Greenup scores 66 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 $838/month in Greenup — a 1% difference. Interestingly, home values tell a different story: while Greenup has cheaper rent, Falmouth actually has lower median home values ($111,300 vs $122,700).

Median household income in Falmouth is $38,177 compared to $45,625 in Greenup (-16.3%). Greenup offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Falmouth spend roughly 26.6% of their income on rent, more than the 22% in Greenup.