Madisonville, KY vs Paris, KY

Madisonville, KY and Paris, KY have a very similar cost of living, with only a 1.9% difference in their overall index. Madisonville scores 71 while Paris 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 $728/month in Paris — a 18% difference. Interestingly, home values tell a different story: while Paris has cheaper rent, Madisonville actually has lower median home values ($152,300 vs $182,100).

Median household income in Madisonville is $56,902 compared to $49,464 in Paris (+15%). 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 17.7% in Paris.