Cost of Living: Independence, MO vs Falmouth, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Independence | Falmouth |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $182,500 | $226,000 |
| Average Rent (2 BR Apartment) | $1050 | $1200 |
| Average Rent (2 BR House) | $840 | $1360 |
Housing Comparison: Independence vs Falmouth
- The median home price in Falmouth is higher at $226,000, compared to $182,500 in Independence.
- In Falmouth, the rental for a two-bedroom apartment stands at $1,200, while it is $1,050 in Independence.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Independence | Falmouth |
|---|---|---|
| Electricity Price | $14.64 | $12.87 |
| Natural Gas Price | $23.25 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Independence vs Falmouth
- Electricity costs are higher in Independence at $14.64 per kWh, compared to $12.87 in Falmouth.
- Natural gas is more expensive in Independence at $23.25 per unit, while it is cheaper at $22.78 in Falmouth.
- Utility expenses are equal in both Independence and Falmouth averaging $250.