Falmouth, ME is a wonderful place to live. With an average 2 Bedroom rent of $2,550 it is more expensive than the US average of $1,430. But the cost of living in Falmouth is less than the national average with a Grocery Cost Index of 116 versus 100 in the US. There are many local businesses that make living in Falmouth both convenient and enjoyable. The local grocery store Hannaford offers fresh produce and other household items at competitive prices, while Portland Pie Company provides delectable pizza and other Italian dishes to satisfy all cravings. Fishermen’s Catch is a seafood market that sells freshly caught fish daily. Two Good Ships marina provides boat storage and repair services as well as kayak rentals for visitors looking to explore Casco Bay. Finally, there is an abundance of scenic walking trails for outdoor enthusiasts around town.
Falmouth has an unemployment rate of 3.7%. The US average is 6.0%.
Falmouth has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 41.5%, which is higher than the US average of 33.5%.
Tax Rates for Falmouth
- The Sales Tax Rate for Falmouth is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Falmouth is 7.2%. 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 $54,273 a year. The US average is $28,555 a year.
- The Median household income of a Falmouth resident is $132,817 a year. The US average is $69,021 a year.