Falmouth, KY vs Mount Sterling, KY

Mount Sterling is moderately more affordable than Falmouth, with a 5.7% lower cost of living index. Falmouth scores 68 compared to 64 for Mount Sterling, where the US average is 100. This difference means residents of Falmouth can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Falmouth is $846/month compared to $564/month in Mount Sterling — a 50% difference. Interestingly, home values tell a different story: while Mount Sterling has cheaper rent, Falmouth actually has lower median home values ($111,300 vs $178,200).

Median household income in Falmouth is $38,177 compared to $50,843 in Mount Sterling (-24.9%). Mount Sterling 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 13.3% in Mount Sterling.