Flatwoods, KY vs Springfield, KY

Flatwoods, KY and Springfield, KY have a very similar cost of living, with only a 0.6% difference in their overall index. Flatwoods scores 68 while Springfield scores 68 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 $752/month in Springfield — a 23% difference. Interestingly, home values tell a different story: while Springfield has cheaper rent, Flatwoods actually has lower median home values ($112,200 vs $154,800).

Median household income in Flatwoods is $60,467 compared to $40,890 in Springfield (+47.9%). While Flatwoods is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Flatwoods spend roughly 18.3% of their income on rent, less than the 22.1% in Springfield.