Island, KY vs Smithland, KY

Island, KY and Smithland, KY have a very similar cost of living, with only a 1.3% difference in their overall index. Island scores 65 while Smithland scores 64 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 Island is $916/month compared to $850/month in Smithland — a 8% difference. Interestingly, home values tell a different story: while Smithland has cheaper rent, Island actually has lower median home values ($72,100 vs $102,900).

Median household income in Island is $48,875 compared to $50,250 in Smithland (-2.7%). Smithland offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Island spend roughly 22.5% of their income on rent, more than the 20.3% in Smithland.