Mayfield, KY vs Prestonsburg, KY

Mayfield, KY and Prestonsburg, KY have a very similar cost of living, with only a 1.4% difference in their overall index. Mayfield scores 60 while Prestonsburg scores 59 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 Mayfield is $598/month compared to $456/month in Prestonsburg — a 31% difference. Interestingly, home values tell a different story: while Prestonsburg has cheaper rent, Mayfield actually has lower median home values ($114,400 vs $157,200).

Median household income in Mayfield is $41,458 compared to $27,265 in Prestonsburg (+52.1%). While Mayfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mayfield spend roughly 17.3% of their income on rent, less than the 20.1% in Prestonsburg.