Farley, KY vs Owenton, KY

Farley, KY and Owenton, KY have a very similar cost of living, with only a 3.7% difference in their overall index. Farley scores 60 while Owenton scores 62 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 Farley is $772/month compared to $664/month in Owenton — a 16% difference. Interestingly, home values tell a different story: while Owenton has cheaper rent, Farley actually has lower median home values ($82,400 vs $124,300).

Median household income in Farley is $45,676 compared to $52,121 in Owenton (-12.4%). While Owenton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farley spend roughly 20.3% of their income on rent, more than the 15.3% in Owenton.