Falmouth, ME
Population 1,447 · Maine
About Falmouth, ME
Falmouth is a small community in Maine with a population of 1,447 residents. The median household income is $89,625 per year, which is above the national average. The median age in Falmouth is 62.3 years.
Housing in Falmouth has a median home value of $737,300 and median monthly rent of $1,441. Of the 800 total housing units, the majority are owner-occupied, with 506 owner-occupied and 240 renter-occupied units.
The unemployment rate in Falmouth is 4.1% and the poverty rate is 4.6%. 64.8% of residents hold a bachelor's degree or higher. The average commute time is 17.7 minutes.
How Falmouth Ranks in Maine
Cost of Living in Falmouth, ME
Compared to national averages, Falmouth has a median household income of $89,625 (19% above the national median of $75,149). Home values average $737,300, which is 201% above the national median. Monthly rent at $1,441 is 24% above the US average of $1,163. Within Maine, Falmouth's income is 39% above the state average of $64,613, and home values are 194% above the state median of $251,113.
Why Live in Falmouth, ME?
Falmouth offers a strong local economy with a median household income of $89,625, well above the national average, and a well-educated community where 64.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.6%, better than the national average. Additionally, the city features short commute times averaging just 17.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $737,300. However, Falmouth’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Falmouth has a population of 1,447 with a median age of 62.3 years. Compare Falmouth with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Falmouth
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Milo | 1,445 | $52,660 | $88,000 | Compare |
| Kennebunkport | 1,450 | $118,922 | $805,200 | Compare |
| Newport | 1,469 | $42,740 | $162,800 | Compare |
| Randolph | 1,479 | $52,917 | $157,000 | Compare |
| Waldoboro | 1,487 | $66,290 | $277,200 | Compare |
| Machias | 1,395 | $28,047 | $117,800 | Compare |
| West Kennebunk | 1,367 | $101,761 | $514,700 | Compare |
| Freeport | 1,544 | $48,352 | $344,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Falmouth
What is the population of Falmouth, ME?
The population of Falmouth, ME is 1,447 according to the latest Census data.
What is the median household income in Falmouth?
The median household income in Falmouth, ME is $89,625 per year.
What is the median home value in Falmouth?
The median home value in Falmouth, ME is $737,300.
What is the average rent in Falmouth?
The median monthly rent in Falmouth, ME is $1,441.
What is the unemployment rate in Falmouth?
The unemployment rate in Falmouth, ME is 4.1%.