Cost of Living in Falmouth, KY
Housing
The housing market plays a significant role in determining the cost of living in Falmouth, KY.
- Housing Index: 90.0 / 100
- Median Home Price is: $226,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
In Falmouth, KY, the housing index of 90.0 suggests a moderately priced real estate market, with a median home price of 226000. Renting a 2-bedroom apartment averages 1200, while a 2-bedroom house averages 1360. These rental prices may indicate a balanced market for both buyers and renters. However, it's essential to consider factors like job opportunities and local amenities for a well-rounded decision when moving. Overall, this vibrant location presents an attractive option for those seeking affordability without sacrificing quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Falmouth, KY.
- Electricity Price: $12.87 USD (median by state)
- Natural Gas Price: $22.78 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Falmouth, KY could entail higher utility costs. Electricity costs sit at $12.87, while natural gas is priced at $22.78 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Falmouth is a financially viable option for your relocation.