Cost of Living in Falmouth, MA

With a cost of living index of 134, Falmouth, MA is a notably expensive place to live. Living here is 34% more expensive than the national average and 5% above the Massachusetts state average of 129. Falmouth is a small community of 3,996 residents.

Housing costs are the biggest factor in Falmouth's cost of living. The median monthly rent is $1,175 (11% below the US median of $1,319), and the median home value sits at $745,900 (145% above the national median of $304,900). At current prices, the median home costs roughly 10.9x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Falmouth is $68,267, which is 9% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Falmouth. The area sees an average annual temperature of 50.2°F, with summers averaging 68°F and winters around 33°F. Annual rainfall totals 42.1 inches spread over roughly 137 days.

Everyday prices in the Barnstable Town, MA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.