Housing costs in Falmouth?
A typical home costs
$950,200, which is 181.0% more expensive than the national average of
$338,100 and 70.5% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Falmouth costs
$1,770 per month, which is 23.8% more than the national average of
$1,430 and 20.9% cheaper than the state average of
$2,140.
Can I afford Falmouth?
To live comfortably in Falmouth (zip 02540), Massachusetts, a minimum annual income of
$182,160 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Falmouth?
The cost of living in 02540 Falmouth, MA is generally moderate compared to the rest of the country. The median home value in this zip code is $521,700, which is significantly higher than the national median home value of $184,700. On the other hand, the median household income is significantly lower at $50,777 compared to the US average of $57,652. As a result, it can be difficult for people to afford basic necessities such as food and housing in Falmouth. In addition, there are also higher taxes and insurance costs associated with living in Falmouth compared to other parts of Massachusetts. All things considered, the cost of living in 02540 Falmouth, MA remains moderate and manageable for most people.