Falmouth, PA vs Lakemont, PA

There is a significant gap in the cost of living between these two cities. Lakemont is 25.5% cheaper than Falmouth. With a cost index of 77 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lakemont to Falmouth should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Falmouth are $270,800 compared to $147,300 in Lakemont, a 84% gap.

Median household income in Falmouth is $97,386 compared to $49,036 in Lakemont (+98.6%). While Falmouth is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.