Mount Sterling, KY vs Springfield, KY

Mount Sterling is moderately more affordable than Springfield, with a 5.2% lower cost of living index. Mount Sterling scores 64 compared to 68 for Springfield, where the US average is 100. This difference means residents of Springfield can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Mount Sterling is $564/month compared to $752/month in Springfield — a 25% difference. Interestingly, home values tell a different story: while Mount Sterling has cheaper rent, Springfield actually has lower median home values ($154,800 vs $178,200).

Median household income in Mount Sterling is $50,843 compared to $40,890 in Springfield (+24.3%). Mount Sterling offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mount Sterling spend roughly 13.3% of their income on rent, less than the 22.1% in Springfield.