Housing costs in Falmouth?
A typical home costs
$409,100, which is 21.0% more expensive than the national average of
$338,100 and 19.2% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Falmouth costs
$1,460 per month, which is 2.1% more than the national average of
$1,430 and 4.1% more than the state average of
$1,400.
Can I afford Falmouth?
To live comfortably in Falmouth, Virginia, a minimum annual income of
$78,480 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Falmouth?
Falmouth, VA is known for its affordable cost of living. According to the 2020 Cost Of Living Index, Falmouth has a score of 84.7, which is significantly lower than the national average of 100. Rent prices are particularly low in Falmouth compared to many other cities in the US; one bedroom apartment rents average around $800/month. Other basic necessities such as groceries and transportation are also very economical in Falmouth compared to other places. This makes it an ideal place for budget-conscious individuals who still want to enjoy all the amenities that come with city life.