Living in Falls Village, Connecticut
Cost of living, income, home prices, rent and demographics of Falls Village · Census data 2020–2024
Falls Village has 410 residents with a median age of 44.9. The median household income is $53,750 (44% lower than the Connecticut median), the median home value is $445,700, the median rent is $2,074/month.
Falls Village is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Falls Village at a glance
- Population
- 410
- Median age
- 44.9State: 41.1
- Median household income
- $53,750State: $95,781
- Median home value
- $445,700State: $366,900
- Median rent
- $2,074/moState: $1,488
- Homeowners
- 84.2%
- Bachelor's degree or higher
- 65.2%
- Average commute
- 15 min
Is Falls Village a good place to live?
Pros: An average commute of 15 minutes.
Cons: Median household income 44% lower than the Connecticut median; home values 21% higher than the state median; a poverty rate of 37.6%.
The weather is best in May–June and August–September.
Cost of living in Falls Village
Housing is the biggest part of the cost of living. In Falls Village the median home value is $445,700, 34% higher than the U.S. median. Renters pay a median of $2,074 per month, which is 43% of household income. Homeowners with a mortgage pay $2,500 a month in housing costs.
Falls Village median household income
The median household income in Falls Village is $53,750 and the income per person is $41,466. 37.6% of residents live below the poverty line (Connecticut: 10%).
Housing in Falls Village: homes for sale and rent
- Housing units
- 245
- Owner-occupied
- 84.2%
- Renter-occupied
- 15.8%
- Vacant
- 25.3%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.24
Falls Village demographics
- Population
- 410
- Median age
- 44.9
- Under 18
- 11.7%
- 65 and older
- 17.8%
- Households
- 183
- Foreign-born
- 0.7%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Falls Village ›
Education in Falls Village
65.2% of adults 25 and older in Falls Village have a bachelor's degree or higher (Connecticut: 42.5%), and 19.7% have a graduate or professional degree.
Jobs and commute in Falls Village
- Unemployment rate
- 0%State: 5.6%
- Average commute
- 15 minState: 27 min
- Work from home
- 44.4%
- Drive alone
- 48%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 98.9%
Falls Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Falls Village | 410 | $53,750 | $445,700 | $2,074 |
| Canaan | 1,175 | $89,632 | $469,400 | $1,830 |
| Salisbury | 4,224 | $124,256 | $763,700 | $1,846 |
| Lakeville | 510 | $163,375 | $868,200 | — |
| North Canaan | 3,221 | $71,976 | $267,300 | $1,146 |
| Cornwall | 1,425 | $128,864 | $554,600 | $1,047 |
| Millerton | 851 | $83,090 | $240,800 | $1,226 |
| Sharon | 2,723 | $100,518 | $590,700 | $1,750 |
| Norfolk | 1,723 | $91,548 | $430,900 | $1,190 |
More for people moving to Falls Village
Falls Village ZIP code ›Weather and climate ›Living in Falls Village: FAQ
What is the median household income in Falls Village, CT?
The median household income in Falls Village is $53,750, 44% lower than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Falls Village?
The median home value in Falls Village is $445,700, compared with $366,900 in Connecticut.
How much is rent in Falls Village?
The median gross rent in Falls Village is $2,074 per month, about 43% of household income.
Is Falls Village, CT a good place to live?
Pluses: an average commute of 15 minutes. Minuses: median household income 44% lower than the Connecticut median; home values 21% higher than the state median; a poverty rate of 37.6%.
What is the median age in Falls Village?
The median age in Falls Village is 44.9 years (Connecticut: 41.1).
How long is the commute in Falls Village?
The average commute to work in Falls Village is 15 minutes; 44.4% of workers work from home.
What is the unemployment rate in Falls Village?
The unemployment rate in Falls Village is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Falls Village?
65.2% of adults in Falls Village have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: