Flatwoods, KY vs Russell Springs, KY

Flatwoods, KY and Russell Springs, KY have a very similar cost of living, with only a 1% difference in their overall index. Flatwoods scores 68 while Russell Springs scores 69 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 $747/month in Russell Springs — a 24% difference. Interestingly, home values tell a different story: while Russell Springs has cheaper rent, Flatwoods actually has lower median home values ($112,200 vs $170,300).

Median household income in Flatwoods is $60,467 compared to $37,500 in Russell Springs (+61.2%). 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, less than the 23.9% in Russell Springs.