London, KY vs Madisonville, KY

London, KY and Madisonville, KY have a very similar cost of living, with only a 2.9% difference in their overall index. London scores 69 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 London is $783/month compared to $860/month in Madisonville — a 9% difference. Interestingly, home values tell a different story: while London has cheaper rent, Madisonville actually has lower median home values ($152,300 vs $155,500).

Median household income in London is $45,850 compared to $56,902 in Madisonville (-19.4%). 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 London spend roughly 20.5% of their income on rent, more than the 18.1% in Madisonville.