Flatwoods, KY vs Madisonville, KY

Flatwoods, KY and Madisonville, KY have a very similar cost of living, with only a 3.7% difference in their overall index. Flatwoods scores 68 while Madisonville scores 71 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 Flatwoods is $923/month compared to $860/month in Madisonville — a 7% difference. Interestingly, home values tell a different story: while Madisonville has cheaper rent, Flatwoods actually has lower median home values ($112,200 vs $152,300).

Median household income in Flatwoods is $60,467 compared to $56,902 in Madisonville (+6.3%). Flatwoods offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Flatwoods spend roughly 18.3% of their income on rent, more than the 18.1% in Madisonville.