Affordable

What Salary Do You Need to Live in Falmouth?

To afford a 2-bedroom in Falmouth, you need to earn at least $63,480/year based on estimated fair market rent data. The median household income here is $112,596, which means the typical resident is $49,116 above the threshold.

Census ACS Data Pop. 1,620

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,111	$3,703	$44,440	$-68,156
1 Bedroom	$1,317	$4,390	$52,680	$-59,916
2 Bedroom BENCHMARK	$1,587	$5,290	$63,480	$-49,116
3 Bedroom	$1,936	$6,453	$77,440	$-35,156
4 Bedroom	$2,381	$7,937	$95,240	$-17,356

Affordability Breakdown

Where the required salary line crosses above Falmouth's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$112,596

Annual household

2BR Required Salary

$63,480

Under 30% rule

Income Gap

+$49,116

Surplus

Verdict

Affordable

Ratio: 16.9%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Falmouth

Your Annual Salary

Pre-filled with Falmouth's median household income

Max monthly rent you can afford$2,815

Studio

$1,111/mo

1 BR

$1,317/mo

2 BR

$1,587/mo

3 BR

$1,936/mo

4 BR

$2,381/mo

Your salary is $0 above the median income in Falmouth.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Falmouth's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Falmouth

Falmouth, Maine stands out as one of the more financially accessible housing markets in the state. The median household income of $112,596 significantly exceeds the $63,480 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $49,116 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Falmouth, a studio at $1,111/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,936/month remains accessible for dual-income households earning above $77,440.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $95,220 would position you well — though many residents in Falmouth manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Falmouth, Maine.

With a total population of 1,620, the city supports an active civilian workforce of 684 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $63,480 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

684

Active civilian employees in Falmouth

Frequently Asked Questions About Renting in Falmouth

What salary do I need to live in Falmouth, Maine?

To afford a 2-bedroom in Falmouth under the 30% rule, you need an annual salary of at least $63,480. The median household income in Falmouth is $112,596.

Can I afford a 2-bedroom in Falmouth on $112,596?

The affordability verdict for Falmouth is "Affordable". The rent-to-income ratio is 16.9%, meaning median earners have a $49,116 surplus.

What is the average rent in Falmouth compared to median income?

The median gross rent in Falmouth is $1,317/month. With a median household income of $112,596, residents spend approximately 16.9% of their income on rent.

What salary do I need for a studio in Falmouth?

A studio in Falmouth rents for approximately $1,111/month. Under the 30% rule, you need an annual salary of $44,440 to afford this.

Is Falmouth considered an affordable place to live?

Based on the surplus of $49,116 and an affordability verdict of "Affordable", Falmouth is considered a affordable rental market when comparing the required 2-bedroom salary of $63,480 to the local median household income.

How Falmouth Compares

Other cities in Maine with salary requirements