Housing costs in Falmouth?
A typical home costs
$159,700, which is 52.8% less expensive than the national average of
$338,100 and 17.8% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Falmouth costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 4.2% more than the state average of
$920.
Can I afford Falmouth?
To live comfortably in Falmouth, Kentucky, a minimum annual income of
$30,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Falmouth?
The cost of living in Falmouth, KY is quite reasonable. The city's median home value is around $134,800, which is quite affordable compared to other cities in the state. The cost of basic goods such as groceries and gas are also lower than most areas in Kentucky. Additionally, there are lots of employment opportunities due to the thriving local economy, ensuring that residents have enough money to cover their bills each month. All of this makes Falmouth a comfortable place to live for those who want a quiet community with good job prospects and an affordable cost of living.