Falmouth, KY vs Russellville, KY

Falmouth, KY and Russellville, KY have a very similar cost of living, with only a 3% difference in their overall index. Falmouth scores 68 while Russellville 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 $711/month in Russellville — a 19% difference. Interestingly, home values tell a different story: while Russellville has cheaper rent, Falmouth actually has lower median home values ($111,300 vs $156,000).

Median household income in Falmouth is $38,177 compared to $47,875 in Russellville (-20.3%). Russellville 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 17.8% in Russellville.