According to the most recent data on the cost of living, Flatwoods has an overall cost of living index of 82 which is 0.8x lower than the national index of 100.
Compared to only Kentucky, Flatwoods has a cost of living index that's 0.9x lower than Kentucky's index of 90.
The standard of living in Flatwoods ranks as #377 most affordable out of the 6,418 places we measured in Kentucky. By definition, that implies Flatwoods ranks as the #6,041 most expensive place in the Bluegrass State.
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Housing swings affordability the most between places in Kentucky, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.