Falmouth, MA is a charming community situated on the south shore of Cape Cod. It's known for its vibrant downtown area filled with small shops and restaurants as well as an active Harbor. The cost of living in Falmouth is slightly higher than the rest of the U.S., with a 2 Bedroom rent averaging at $2,100 compared to $1,430 nationally. Additionally, grocery cost index in Falmouth is 110 whereas nationally it's 100. Some well-known companies located in Falmouth are Oceanside Marine Services and Sesuit Harbor Café. Overall, Falmouth offers locals an alluring atmosphere that makes it worth the slightly higher cost of living compared to the rest of the country.
Falmouth has an unemployment rate of 9.0%. The US average is 6.0%.
Falmouth has seen the job market decrease by -11.3% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Falmouth
- The Sales Tax Rate for Falmouth is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Falmouth is 5.1%. 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 $51,645 a year. The US average is $37,638 a year.
- The Median household income of a Falmouth resident is $78,884 a year. The US average is $69,021 a year.