Cost of Living in Falmouth, KY

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17%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
46%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Falmouth Kentucky National
Cost of living8388100
Groceries9598100
Health care9797100
Housing5470100
Transportation9496100
Utilities9795100
Lifestyle & Entertainment9795100
Household Items9797100
Education & Childcare9094100
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Homes For Sale In Falmouth, KY

property for sale

601 Monroe St

Falmouth, KY
property for sale

708 Coleman St

Falmouth, KY
property for sale

984 Ridgeway Ave

Falmouth, KY
property for sale

609 Concord Caddo Rd

Falmouth, KY
See the Newest Homes For Sale In Falmouth, KY

Cost Of Living Quick Facts

  • The cost of living in Falmouth is 6% lower than the Kentucky average
  • The cost of living in Falmouth is 17% lower than the national average
  • Falmouth housing is 46% lower than the national average
  • Kentucky general sales tax is 18% higher than the national average
  • Kentucky state income tax is 73% higher than the national average

Most Affordable Places to Live in and Around Falmouth

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Compare Falmouth, KY Cost of Living

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      Salary Calculator

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$81,692$6,808$1,906$2,451
      Renters$32,868$2,739$767$986

      Kentucky Sales Tax

      State General Sales Tax With Max Surtax
      Kentucky 6% 6%

      Kentucky Income Tax

      State Income Tax (Low) Income Tax (High)
      Kentucky 4.5% 4.5%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Chilo, OH67955.1%
      Moscow, OH988019.6%
      Brooksville, KY6268218.0%
      Berry, KY1858316.6%
      Neville, OH708317.3%
      Falmouth, KY2,9828317.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cordaville, MA2,98215857.8%
      South Dennis, MA2,98213029.6%
      Kingsclear, NB2,982n/a 
      Yadkinville, NC2,981909.8%
      Colonial Heights, TN2,981955.3%
      Falmouth, KY2,9828317.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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