Falmouth is located in Kentucky and has an overall cost of living that is -13% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Falmouth.

Housing: Median rent in Falmouth is $1,156 / month, and the median home price is $385,106. Housing costs are -28% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($3.66), milk ($4.24), and eggs ($4.18) reflect the local grocery landscape. Overall grocery costs are -11% vs the national average.

Healthcare: Medical costs include doctor visits ($156.75), dentist visits ($125.92), and prescription drugs ($22.69). These costs should be factored into your monthly budget when planning a move.

Kentucky has a state income tax rate of 4%, which affects take-home pay for Falmouth residents.

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Falmouth, Kentucky Cost of Living FAQ

Common questions about living costs in Falmouth.

Falmouth, Kentucky has an overall cost of living that is -13% the national average. Housing costs are -28% vs the national average. Grocery prices are -11% vs average. Utilities are -7% vs average. This makes Falmouth a very affordable place to live.

The median rent in Falmouth, Kentucky is $1,156 / month. Average energy bills run $204.72 / month. Phone bills average $182.63 / month. Housing is typically the largest expense for residents.

Healthcare costs in Falmouth: doctor's visit averages $156.75, dentist visit averages $125.92, prescription drugs average $22.69. Overall healthcare expenses in the area are influenced by the -11% grocery cost difference.

Falmouth is one of 53 cities tracked in Kentucky. With an overall cost -13% vs the national average, it is more affordable than many other cities in the state. Visit our Kentucky state page to compare all cities side-by-side and find the best fit for your budget.

Falmouth offers cost of living -13% compared to the national average. Key factors to consider: median home price of $385,106, rent of $1,156 / month, and a state income tax of 4% in Kentucky. Explore our detailed cost breakdown above to see if Falmouth fits your budget.