Falmouth, KY vs Morehead, KY

Falmouth, KY and Morehead, KY have a very similar cost of living, with only a 2.2% difference in their overall index. Falmouth scores 68 while Morehead 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 $791/month in Morehead — a 7% difference. Interestingly, home values tell a different story: while Morehead has cheaper rent, Falmouth actually has lower median home values ($111,300 vs $176,300).

Median household income in Falmouth is $38,177 compared to $35,000 in Morehead (+9.1%). Falmouth 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, less than the 27.1% in Morehead.