Cost of Living in Falmouth, ME
Population 12,631 · Maine · Data vintage 2023
(100 = US avg)
Home prices in Falmouth run well above the national baseline, with a median of $668,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $137,991 place the city among the better-paid Maine metros.
Falmouth lies roughly 80 miles northeast of the nearest major metro, Manchester — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 99% higher than Manchester's $336,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Falmouth
The median home value in Falmouth is $668,100 — 119% above the national median of $305,000. Median rent runs $2,070/month, 58% higher than the national median of $1,314/month. The median household income of $137,991/year is 85% higher than the US median of $74,580. The local unemployment rate is 3.1%, below the national average of 4.8%. Maine's top state income tax rate is 7.2% and the combined sales tax is 5.5%. The climate averages highs of 56.4°F and lows of 38.6°F, with about 68.7" of annual snowfall. Overall, Falmouth has a cost of living index of 194 versus the US average of 100, meaning it is 94% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 32 | 35 | 42 | 54 | 64 | 74 | 80 | 79 | 71 | 60 | 48 | 38 |
| Low °F | 16 | 17 | 26 | 35 | 46 | 55 | 61 | 60 | 52 | 41 | 32 | 22 |
| Precip" | 3.50 | 3.54 | 4.08 | 4.41 | 3.67 | 4.15 | 3.43 | 3.57 | 3.77 | 5.25 | 4.25 | 4.50 |
| Snow" | 18.6 | 16.6 | 13.6 | 2.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 2.3 | 14.6 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Falmouth, ME?
Falmouth has a cost index of 194 (100 = national average). It is 94% above the national average.
What is average rent in Falmouth, ME?
The median gross rent in Falmouth is $2,070 per month based on 2023 Census data.
What is the average home price in Falmouth?
The median home value in Falmouth is $668,100 according to 2023 Census ACS data.
What is the median income in Falmouth?
The median household income in Falmouth is $137,991 per year (2023 ACS 5-year estimates).
What is the sales tax in Falmouth, ME?
The combined state and local sales tax rate in Falmouth is 5.5%. The Maine state income tax top rate is 7.2%.
Is Falmouth, ME affordable?
Falmouth is above average in cost of living, with an index of 194 — about 94% higher than the national average.
What is the weather like in Falmouth?
Falmouth has average high temperatures of 56.4°F and average lows of 38.6°F. Annual precipitation is 48.1". Average annual snowfall is 68.7". Data from NOAA 1991–2020 Climate Normals.
Falmouth at a Glance
- Population
- 12,631
- Median Income
- $137,991
- Home Value
- $668,100
- Median Rent
- $2,070/mo
- Unemployment
- 3.1%
- Avg High Temp
- 56.4°F
- Sales Tax
- 5.5%
Nearby Cities
Explore county-level cost of living data
Maine Rankings
Similar Cost Cities
Cities in other states with comparable housing costs