Housing costs in Falmouth?
A typical home costs
$709,300, which is 109.8% more expensive than the national average of
$338,100 and 112.4% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Falmouth costs
$2,550 per month, which is 78.3% more than the national average of
$1,430 and 51.0% more than the state average of
$1,250.
Can I afford Falmouth?
To live comfortably in Falmouth, Maine, a minimum annual income of
$136,080 for a family, and
$79,200 for a single person is recommended.
What does A.I. say about Falmouth?
Falmouth, ME is an affluent town with a high cost of living. The median home price is much higher than the national average, sitting at around $451,500. Local taxes are also relatively high, with property tax rates coming in just below the national average and sales tax being slightly above the national average. Despite this higher cost of living, locals enjoy access to plenty of amenities and services that make life here enjoyable and convenient. The town is close to Portland which offers plenty of entertainment options, excellent restaurants and shops, along with many other attractions. Additionally, the local schools are highly ranked and provide quality education opportunities for children throughout the area.