Housing costs in Falmouth?
A typical home costs
$146,100, which is 56.8% less expensive than the national average of
$338,100 and 24.8% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Falmouth costs
$930 per month, which is 1.1% more than the national average of
$920 and 17.2% cheaper than the state average of
$1,090.
Can I afford Falmouth?
To live comfortably in Falmouth (zip 41040), Kentucky, a minimum annual income of
$28,080 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Falmouth?
41040 Falmouth, KY is an affordable place to live. The cost of living is notably lower than the national average, making it an attractive option for people looking to make a change from more expensive metropolitan areas. The median household income in the area is slightly below the national average at $46,834 per year, but when combined with the low cost of living, it can still provide a comfortable life for those who choose to settle down in this small town. Rent and housing prices in Falmouth are also quite reasonable compared to other parts of Kentucky and the rest of the country - allowing residents to enjoy all that life has to offer without breaking their budget.