Cost of Living in Falmouth, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.1
100 = national avg
-26.9 vs national average
Living Wage (1 Adult)
$32,176
per year
Living Wage (Family of 4)
$76,053
per year
Cost Index by Category
Housing77.5
Food79.2
Transportation58.4
Healthcare83.3
Utilities83.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,051
per month
2 Bedroom
$1,353
per month
The overall cost of living index in Falmouth is 73.1, which is 26.9% below the national average. Housing costs are below the national average at an index of 77.5. A single adult needs to earn approximately $32,176 per year to cover basic expenses.