Cost of Living in Falmouth, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
179.4
100 = national avg
+79.4 vs national average
Living Wage (1 Adult)
$78,941
per year
Living Wage (Family of 4)
$186,589
per year
Cost Index by Category
Housing204.5
Food145.8
Transportation191.5
Healthcare136.6
Utilities148.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Falmouth is 179.4, which is 79.4% above the national average. Housing costs are above the national average at an index of 204.5. A single adult needs to earn approximately $78,941 per year to cover basic expenses.