Madisonville, KY vs Morehead, KY

Madisonville, KY and Morehead, KY have a very similar cost of living, with only a 2% difference in their overall index. Madisonville scores 71 while Morehead scores 69 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 Madisonville is $860/month compared to $791/month in Morehead — a 9% difference. Interestingly, home values tell a different story: while Morehead has cheaper rent, Madisonville actually has lower median home values ($152,300 vs $176,300).

Median household income in Madisonville is $56,902 compared to $35,000 in Morehead (+62.6%). 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 Madisonville spend roughly 18.1% of their income on rent, less than the 27.1% in Morehead.