Hopkinsville, KY vs Madisonville, KY

Hopkinsville, KY and Madisonville, KY have a very similar cost of living, with only a 1% difference in their overall index. Hopkinsville scores 70 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 Hopkinsville is $869/month compared to $860/month in Madisonville — a 1% difference. Interestingly, home values tell a different story: while Madisonville has cheaper rent, Hopkinsville actually has lower median home values ($140,200 vs $152,300).

Median household income in Hopkinsville is $47,428 compared to $56,902 in Madisonville (-16.6%). While Madisonville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hopkinsville spend roughly 22% of their income on rent, more than the 18.1% in Madisonville.