Falmouth, KY vs London, KY

Falmouth, KY and London, KY have a very similar cost of living, with only a 1.2% difference in their overall index. Falmouth scores 68 while London scores 69 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 $783/month in London — a 8% difference. Interestingly, home values tell a different story: while London has cheaper rent, Falmouth actually has lower median home values ($111,300 vs $155,500).

Median household income in Falmouth is $38,177 compared to $45,850 in London (-16.7%). While London 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 20.5% in London.