Falmouth, KY vs Union, KY

The cost of living difference between Falmouth, KY and Union, KY is dramatic. Falmouth is 41.9% cheaper than Union, a gap that translates to thousands of dollars per year in household expenses. Falmouth has a cost index of 68 while Union sits at 117, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Falmouth is $846/month compared to $1,721/month in Union — a 51% difference. Home values follow the same pattern: Falmouth is more affordable at $111,300 median vs $382,900.

Median household income in Falmouth is $38,177 compared to $139,013 in Union (-72.5%). While Union 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 14.9% in Union.