Midway, KY vs Parkway Village, KY

Midway is moderately more affordable than Parkway Village, with a 11.7% lower cost of living index. Midway scores 80 compared to 91 for Parkway Village, where the US average is 100. This difference means residents of Parkway Village can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Midway is $902/month compared to $1,272/month in Parkway Village — a 29% difference. Interestingly, home values tell a different story: while Midway has cheaper rent, Parkway Village actually has lower median home values ($236,900 vs $247,700).

Median household income in Midway is $59,609 compared to $85,875 in Parkway Village (-30.6%). While Parkway Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Midway spend roughly 18.2% of their income on rent, more than the 17.8% in Parkway Village.