Cost of Living: Sterling, IL vs Falmouth, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sterling | Falmouth |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $137,000 | $226,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1360 |
Housing Comparison: Sterling vs Falmouth
- The median home price in Falmouth is higher at $226,000, compared to $137,000 in Sterling.
- The rent for a two-bedroom apartment is equal in both Sterling and Falmouth at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Sterling | Falmouth |
|---|---|---|
| Electricity Price | $16.15 | $12.87 |
| Natural Gas Price | $16.59 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Sterling vs Falmouth
- Electricity costs are higher in Sterling at $16.15 per kWh, compared to $12.87 in Falmouth.
- Falmouth experiences higher natural gas costs at $22.78 per unit, with costs at $16.59 in Sterling.
- Utility expenses are equal in both Sterling and Falmouth averaging $250.