Falmouth, KY vs Pikeville, KY

There is a significant gap in the cost of living between these two cities. Falmouth is 17.6% cheaper than Pikeville. With a cost index of 68 vs 82, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Falmouth to Pikeville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Falmouth is $846/month compared to $840/month in Pikeville — a 1% difference. Interestingly, home values tell a different story: while Pikeville has cheaper rent, Falmouth actually has lower median home values ($111,300 vs $301,300).

Median household income in Falmouth is $38,177 compared to $39,216 in Pikeville (-2.6%). Pikeville does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Falmouth spend roughly 26.6% of their income on rent, more than the 25.7% in Pikeville.