Madisonville, KY vs Mayfield, KY
There is a significant gap in the cost of living between these two cities. Mayfield is 18.5% cheaper than Madisonville. With a cost index of 60 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mayfield to Madisonville should plan for substantially higher expenses across most categories.
On the housing front, median rent in Madisonville is $860/month compared to $598/month in Mayfield — a 44% difference. Home values follow the same pattern: Mayfield is more affordable at $114,400 median vs $152,300.
Median household income in Madisonville is $56,902 compared to $41,458 in Mayfield (+37.3%). 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 Madisonville spend roughly 18.1% of their income on rent, more than the 17.3% in Mayfield.
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