Falmouth, KY vs Taylor Mill, KY

There is a significant gap in the cost of living between these two cities. Falmouth is 19.4% cheaper than Taylor Mill. With a cost index of 68 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Falmouth to Taylor Mill should plan for substantially higher expenses across most categories.

On the housing front, median rent in Falmouth is $846/month compared to $1,078/month in Taylor Mill — a 22% difference. Home values follow the same pattern: Falmouth is more affordable at $111,300 median vs $224,500.

Median household income in Falmouth is $38,177 compared to $83,210 in Taylor Mill (-54.1%). While Taylor Mill 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 15.5% in Taylor Mill.