Plum Springs, KY vs Smithfield, KY

Plum Springs, KY and Smithfield, KY have a very similar cost of living, with only a 1.6% difference in their overall index. Plum Springs scores 74 while Smithfield scores 73 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 Plum Springs is $992/month compared to $869/month in Smithfield — a 14% difference. Interestingly, home values tell a different story: while Smithfield has cheaper rent, Plum Springs actually has lower median home values ($148,200 vs $165,000).

Median household income in Plum Springs is $63,250 compared to $49,688 in Smithfield (+27.3%). While Plum Springs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Plum Springs spend roughly 18.8% of their income on rent, less than the 21% in Smithfield.