Falmouth, KY is a small town located in Pendleton County and is a great destination for anyone looking to settle down. The rent for a two-bedroom apartments in Falmouth is significantly lower than the US average at $960 compared to the US average of $1,430. Grocery Cost Index in Falmouth is also 95 versus 100 in the US, making it an attractive place for those on a budget. The local economy has many companies such as Pendleton County Hospital, Walgreens Pharmacy, Big O Tires, Speedway Fuel Station and CVS Pharmacy all contributing to the town’s growth. The cost of living in Falmouth is much lower than other towns and this makes it an ideal place for families and individuals looking to save money while still having access to all necessary amenities.
Falmouth has an unemployment rate of 4.5%. The US average is 6.0%.
Falmouth has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Falmouth
- The Sales Tax Rate for Falmouth is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Falmouth is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Falmouth
- The average income of a Falmouth resident is $17,067 a year. The US average is $28,555 a year.
- The Median household income of a Falmouth resident is $31,008 a year. The US average is $69,021 a year.