Living in Falmouth, Kentucky
Cost of living, income, home prices, rent and demographics of Falmouth · Census data 2020–2024
Falmouth has 2,449 residents with a median age of 45.4. The median household income is $34,756 (45% lower than the Kentucky median), the median home value is $100,800, the median rent is $864/month.
Falmouth at a glance
- Population
- 2,449
- Median age
- 45.4State: 39.1
- Median household income
- $34,756State: $63,726
- Median home value
- $100,800State: $205,600
- Median rent
- $864/moState: $967
- Homeowners
- 50.2%
- Bachelor's degree or higher
- 8.7%
- Average commute
- 31 min
Is Falmouth a good place to live?
Pros: Home values 51% lower than the state median; unemployment of 3.5%.
Cons: Median household income 45% lower than the Kentucky median; an average commute of 31 minutes; a poverty rate of 27.8%.
The weather is best in May–June and September–October.
Cost of living in Falmouth
Housing is the biggest part of the cost of living. In Falmouth the median home value is $100,800, 70% lower than the U.S. median. Renters pay a median of $864 per month, which is 46.1% of household income. Homeowners with a mortgage pay $1,141 a month in housing costs.
Falmouth median household income
The median household income in Falmouth is $34,756 and the income per person is $19,771. 27.8% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Falmouth: homes for sale and rent
- Housing units
- 1,218
- Owner-occupied
- 50.2%
- Renter-occupied
- 49.8%
- Vacant
- 19.5%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.47
Falmouth demographics
- Population
- 2,449
- Median age
- 45.4
- Under 18
- 22.5%
- 65 and older
- 20.3%
- Households
- 980
- Foreign-born
- 0.1%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Falmouth ›
Education in Falmouth
8.7% of adults 25 and older in Falmouth have a bachelor's degree or higher (Kentucky: 27.6%), and 4.2% have a graduate or professional degree.
Jobs and commute in Falmouth
- Unemployment rate
- 3.5%State: 4.9%
- Average commute
- 31 minState: 24 min
- Work from home
- 7.1%
- Drive alone
- 75.3%
- Public transit
- 2.5%
- Walk to work
- 3.5%
- Homes with broadband
- 73.8%
Falmouth vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Falmouth | 2,449 | $34,756 | $100,800 | $864 |
| Butler | 515 | $45,341 | $158,200 | $794 |
| Berry | 253 | $68,854 | $99,300 | $1,268 |
| Williamstown | 3,945 | $95,050 | $209,800 | $721 |
| Moscow | 147 | $48,125 | $74,500 | — |
| Brooksville | 883 | $54,844 | $84,800 | $716 |
| Dry Ridge | 2,441 | $55,995 | $216,800 | $811 |
| Mentor | 271 | $90,625 | $222,700 | $685 |
| Crittenden | 4,084 | $57,283 | $223,800 | $934 |
More for people moving to Falmouth
Falmouth ZIP code ›Weather and climate ›Living in Falmouth: FAQ
What is the median household income in Falmouth, KY?
The median household income in Falmouth is $34,756, 45% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Falmouth?
The median home value in Falmouth is $100,800, compared with $205,600 in Kentucky.
How much is rent in Falmouth?
The median gross rent in Falmouth is $864 per month, about 46.1% of household income.
Is Falmouth, KY a good place to live?
Pluses: home values 51% lower than the state median; unemployment of 3.5%. Minuses: median household income 45% lower than the Kentucky median; an average commute of 31 minutes; a poverty rate of 27.8%.
What is the median age in Falmouth?
The median age in Falmouth is 45.4 years (Kentucky: 39.1).
How long is the commute in Falmouth?
The average commute to work in Falmouth is 31 minutes; 7.1% of workers work from home.
What is the unemployment rate in Falmouth?
The unemployment rate in Falmouth is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Falmouth?
8.7% of adults in Falmouth 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.
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