Apple Mountain Lake, VA vs Falmouth, VA

Apple Mountain Lake is moderately more affordable than Falmouth, with a 10% lower cost of living index. Apple Mountain Lake scores 120 compared to 133 for Falmouth, where the US average is 100. This difference means residents of Falmouth can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Apple Mountain Lake is $1,675/month compared to $1,972/month in Falmouth — a 15% difference. Home values follow the same pattern: Apple Mountain Lake is more affordable at $370,600 median vs $422,500.

Median household income in Apple Mountain Lake is $127,321 compared to $125,305 in Falmouth (+1.6%). Apple Mountain Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Apple Mountain Lake spend roughly 15.8% of their income on rent, less than the 18.9% in Falmouth.