Cost of Living in Falmouth, VA
Population 5,036 · Virginia · Data vintage 2023
(100 = US avg)
Falmouth sits on the smaller end of the Virginia city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Falmouth is about 40 miles southwest of Alexandria, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 39% lower than Alexandria's $697,000.
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 $422,500 — 39% above the national median of $305,000. Median rent runs $1,972/month, 50% higher than the national median of $1,314/month. The median household income of $125,305/year is 68% higher than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 67.1°F and lows of 49.1°F, with about 12.4" of annual snowfall. Overall, Falmouth has a cost of living index of 143 versus the US average of 100, meaning it is 43% more expensive.
Falmouth has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 | 45 | 48 | 56 | 68 | 76 | 84 | 88 | 86 | 80 | 69 | 58 | 49 |
| Low °F | 28 | 30 | 37 | 47 | 57 | 66 | 71 | 69 | 62 | 50 | 39 | 32 |
| Precip" | 2.66 | 2.36 | 3.58 | 3.16 | 3.63 | 3.53 | 4.64 | 4.24 | 3.43 | 3.33 | 3.14 | 3.33 |
| Snow" | 3.5 | 5.8 | 1.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.7 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Falmouth, VA?
Falmouth has a cost index of 143 (100 = national average). It is 43% above the national average.
What is average rent in Falmouth, VA?
The median gross rent in Falmouth is $1,972 per month based on 2023 Census data.
What is the average home price in Falmouth?
The median home value in Falmouth is $422,500 according to 2023 Census ACS data.
What is the median income in Falmouth?
The median household income in Falmouth is $125,305 per year (2023 ACS 5-year estimates).
What is the sales tax in Falmouth, VA?
The combined state and local sales tax rate in Falmouth is 5.6%. The Virginia state income tax top rate is 5.8%.
Is Falmouth, VA affordable?
Falmouth is above average in cost of living, with an index of 143 — about 43% higher than the national average.
What is the weather like in Falmouth?
Falmouth has average high temperatures of 67.1°F and average lows of 49.1°F. Annual precipitation is 41". Average annual snowfall is 12.4". Data from NOAA 1991–2020 Climate Normals.
Falmouth at a Glance
- Population
- 5,036
- Median Income
- $125,305
- Home Value
- $422,500
- Median Rent
- $1,972/mo
- Unemployment
- 3.4%
- Avg High Temp
- 67.1°F
- Sales Tax
- 5.6%
Nearby Cities
Explore county-level cost of living data
Virginia Rankings
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