Living in Great Falls, Virginia
Cost of living, income, home prices, rent and demographics of Great Falls · Census data 2020–2024
Great Falls has 15,228 residents with a median age of 45.7. The median household income is $250,001 (168% higher than the Virginia median), the median home value is $1,411,000, the median rent is $3,501/month.
Great Falls at a glance
- Population
- 15,228
- Median age
- 45.7State: 39
- Median household income
- $250,001State: $93,170
- Median home value
- $1,411,000State: $383,700
- Median rent
- $3,501/moState: $1,579
- Homeowners
- 95%
- Bachelor's degree or higher
- 85.3%
- Average commute
- 34 min
Is Great Falls a good place to live?
Pros: Median household income 168% higher than the Virginia median; unemployment of 3.1%; a poverty rate of 2.2%.
Cons: Home values 268% higher than the state median; an average commute of 34 minutes.
The weather is best in June to September.
Cost of living in Great Falls
Housing is the biggest part of the cost of living. In Great Falls the median home value is $1,411,000, 324% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 19.1% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Great Falls median household income
The median household income in Great Falls is $250,001 and the income per person is $131,942. 2.2% of residents live below the poverty line (Virginia: 9.9%).
Housing in Great Falls: homes for sale and rent
- Housing units
- 5,100
- Owner-occupied
- 95%
- Renter-occupied
- 5%
- Vacant
- 2.5%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 3.06
Great Falls demographics
- Population
- 15,228
- Median age
- 45.7
- Under 18
- 26.3%
- 65 and older
- 18.1%
- Households
- 4,970
- Foreign-born
- 23%
- Veterans
- 7.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Great Falls ›
Education in Great Falls
85.3% of adults 25 and older in Great Falls have a bachelor's degree or higher (Virginia: 42.2%), and 51.4% have a graduate or professional degree.
Jobs and commute in Great Falls
- Unemployment rate
- 3.1%State: 4.3%
- Average commute
- 34 minState: 27 min
- Work from home
- 44.2%
- Drive alone
- 47.8%
- Public transit
- 2.1%
- Walk to work
- 0.7%
- Homes with broadband
- 98.8%
Great Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Great Falls | 15,228 | $250,001 | $1,411,000 | $3,501 |
| Great Falls Crossing | 1,414 | $250,001 | $989,100 | — |
| Dranesville | 11,828 | $214,688 | $744,500 | $3,187 |
| Lowes Island | 11,018 | $220,833 | $793,200 | $2,840 |
| Sugarland Run | 12,629 | $166,385 | $576,700 | $2,685 |
| Travilah | 11,721 | $250,001 | $1,325,100 | $3,501 |
| Reston | 64,414 | $148,710 | $642,000 | $2,231 |
| Cascades | 12,357 | $167,171 | $671,100 | $2,657 |
| Wolf Trap | 15,858 | $250,001 | $1,204,000 | $3,501 |
More for people moving to Great Falls
Great Falls ZIP code ›Weather and climate ›Living in Great Falls: FAQ
What is the median household income in Great Falls, VA?
The median household income in Great Falls is $250,001, 168% higher than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Great Falls?
The median home value in Great Falls is $1,411,000, compared with $383,700 in Virginia.
How much is rent in Great Falls?
The median gross rent in Great Falls is $3,501 per month, about 19.1% of household income.
Is Great Falls, VA a good place to live?
Pluses: median household income 168% higher than the Virginia median; unemployment of 3.1%; a poverty rate of 2.2%. Minuses: home values 268% higher than the state median; an average commute of 34 minutes.
What is the median age in Great Falls?
The median age in Great Falls is 45.7 years (Virginia: 39).
How long is the commute in Great Falls?
The average commute to work in Great Falls is 34 minutes; 44.2% of workers work from home.
What is the unemployment rate in Great Falls?
The unemployment rate in Great Falls is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Great Falls?
85.3% of adults in Great Falls 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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