Falmouth, PA Economy


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Falmouth, PA is a lovely small town nestled in the heart of Pennsylvania. The rent for a 2 bedroom apartment is slightly higher than the national average, coming in at $1,440 compared to $1,430 across the country. In addition, the cost of groceries in Falmouth is surprisingly higher than average; with its grocery cost index being 104 versus 100 in the US overall. There are plenty of small businesses and local companies that contribute to the unique and vibrant atmosphere that Falmouth has to offer. Some examples include Green Valley Grocery, Mercy Community Health Services, Purple Robin Antiques & Art Gallery, Shear Reflections Hair Salon, and Kelly's Hometown Brewing Company. All of these establishments offer something special that helps make Falmouth such an interesting place to be!

Falmouth has an unemployment rate of 5.6%. The US average is 6.0%.

Falmouth has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower 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 3.1%. 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 $26,420 a year. The US average is $28,555 a year.
- The Median household income of a Falmouth resident is $96,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFalmouth, PennsylvaniaUnited States
  5.66
  -5.4%-6.2%
  30.0%33.5%
  6.0%6.2%
  3.1%4.6%
  $35,884$37,638
  $96,250$69,021
  $99,141$85,028
  Population by Occupation
  4.5%1.2%
  0.0%0.5%
  9.4%6.8%
  15.8%10.0%
  0.0%2.5%
  10.5%11.0%
  4.9%4.8%
  0.0%0.8%
  0.0%1.9%
  8.3%4.7%
  0.0%1.9%
  4.5%7.6%
  0.0%0.1%
  15.4%4.2%
  21.4%9.3%
  0.0%14.0%
  0.0%2.1%
  5.3%7.0%
  0.0%4.8%
  0.0%4.7%
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