Phelps, KY vs Silver Grove, KY

The cost of living difference between Phelps, KY and Silver Grove, KY is dramatic. Silver Grove is 31.2% cheaper than Phelps, a gap that translates to thousands of dollars per year in household expenses. Phelps has a cost index of 81 while Silver Grove sits at 62, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Phelps are $111,600 compared to $103,400 in Silver Grove, a 8% gap.

Median household income in Phelps is $28,542 compared to $46,315 in Silver Grove (-38.4%). Silver Grove offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.