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CITY

Falmouth

Maine · 1,585 residents · 2.403 sq mi
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The short version

Falmouth is wealthier than most US places, with a median household income of $101,484. Population has held roughly steady since 2023. 69% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $833,300. With a median age of 59.5, the population is older than the US median of 38.9. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 59.5
US median: 38.9
More educated
69% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,585
+10%since 2023
from 1,447 in 2023
2010 – 2024
Population density
660 / sq mi
+10%since 2023
from 602 / sq mi in 2023
US average: 281
Median age
59.5
−4%since 2023
from 62.3 in 2023
US average: 38.9
Population, 2010 – 2024
1K2K2K2K2K201020202024Falmouth
20242K
201020202024
Section 02

Income & economy

Median household income
$101,484
+10%inflation adjusted, since 2023
from $89,625 in 2023
US average: $82,259
2010 – 2024
Per capita income
$72,881
−15%since 2023
from $85,989 in 2023
US average: $44,673
Households earning $100K+
65.2%
+2.9 ptssince 2023
from 62.3% in 2023
US average: 53.3%
Poverty rate
2.3%
−2.2 ptssince 2023
from 4.6% in 2023
US average: 12.5%
Income inequality (Gini)
0.431
−14%since 2023
from 0.500 in 2023
US average: 0.476
Workforce by industry, 2024
Other services13.4%
US avg: 6.7%
Public administration5.3%
US avg: 4.8%
Information4.3%
US avg: 10.8%
Finance & insurance2.6%
US avg: 5.9%
Professional, scientific, technical2.6%
US avg: 5.1%
Retail trade2.1%
US avg: 9.9%
Wholesale trade0.9%
US avg: 6.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$833,300
+10%inflation adjusted, since 2023
from $737,300 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$1,573
+6%inflation adjusted, since 2023
from $1,441 in 2023
US average: $1,442
Owner-occupied
68.3%
+0.5 ptssince 2023
from 67.8% in 2023
31.7% rent
Vacancy rate
4.1%
−2.7 ptssince 2023
from 6.8% in 2023
US average: 10.0%
Owner cost-burdened
26.3%
Unchangedsince 2023
from 26.3% in 2023
US average: 22.9%
Renter cost-burdened
28.2%
−4.3 ptssince 2023
from 32.5% in 2023
US average: 47.4%
Afford Score
8.2
Unchangedsince 2023
from 8.2 in 2023
2010 – 2024
Gentrification Score
64
RELATED:See current rent listings in Falmouth on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic96%(1,389)
Black1%(15)
Hispanic / Latino0%(0)
Asian1.7%(25)
Other1.2%(18)
Diversity Score9.7%(141)
2024
White, non-Hispanic85.4%(1,354)
Black1.8%(29)
Hispanic / Latino3.5%(55)
Asian1.3%(20)
Other8%(127)
Diversity Score32.8%(519)
Diversity Score
33
+236%since 2023
from 10 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
69.3%
+4.5 ptssince 2023
from 64.8% in 2023
US average: 35.6%
High school or higher
99.5%
+0.7 ptssince 2023
from 98.8% in 2023
US average: 89.6%
Graduate degree
43.9%
+9.2 ptssince 2023
from 34.7% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
17.3 min
−2%since 2023
from 17.7 min in 2023
US average: 26.5
Drive alone to work
63.0%
−6.3 ptssince 2023
from 69.3% in 2023
US average: 68.9%
Carpooled to work
2.2%
−3.2 ptssince 2023
from 5.5% in 2023
US average: 8.5%
Public transit
0.0%
−1.5 ptssince 2023
from 1.5% in 2023
US average: 3.2%
Worked from home
34.8%
+11.0 ptssince 2023
from 23.8% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
1.8%
+0.9 ptssince 2023
from 0.9% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.2%
−3.0 ptssince 2023
from 4.1% in 2023
US average: 5.2%
Labor force participation
52.2%
+2.6 ptssince 2023
from 49.6% in 2023
US average: 63.5%
Self-employed
17.3%
+4.8 ptssince 2023
from 12.6% in 2023
US average: 13.1%
Management & professional
76.4%
+6.4 ptssince 2023
from 69.9% in 2023
US average: 42.5%
Section 08

People & community

Male
43.0%
+1.0 ptssince 2023
from 42.0% in 2023
Female
57.0%
−1.0 ptssince 2023
from 58.0% in 2023
Foreign born
6.5%
+1.8 ptssince 2023
from 4.7% in 2023
US average: 14.1%
Veterans
4.6%
Unchangedsince 2023
from 4.6% in 2023
US average: 6.2%
With a disability
11.6%
−0.4 ptssince 2023
from 12.0% in 2023
US average: 13.3%
Uninsured
0.3%
+0.3 ptssince 2023
from 0.0% in 2023
US average: 8.4%
Broadband at home
89.4%
−2.2 ptssince 2023
from 91.6% in 2023
US average: 91.0%
English only at home
94.4%
Unchangedsince 2023
from 94.5% in 2023
US average: 77.7%
Spanish at home
1.9%
+0.8 ptssince 2023
from 1.1% in 2023
US average: 13.6%
Drill deeper

Places similar to Falmouth

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Pop 1,836
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Head to head

Compare Falmouth to nearby cities

FALMOUTH VS
Westbrook
Income$85,038−16%
Home value$383,300−54%
Population21,565+1261%
SEE FULL COMPARISON →
FALMOUTH VS
Portland
Income$79,540−22%
Home value$489,600−41%
Population69,911+4311%
SEE FULL COMPARISON →
FALMOUTH VS
South Portland
Income$86,838−14%
Home value$441,200−47%
Population27,007+1604%
SEE FULL COMPARISON →
FALMOUTH VS
Old Orchard Beach
Income$60,050−41%
Home value$366,600−56%
Population9,244+483%
SEE FULL COMPARISON →
Frequently asked

How many people live in Falmouth, Maine?

Falmouth, Maine has about 1,585 residents according to the 2024 American Community Survey.

What is the median household income in Falmouth, Maine?

The typical household in Falmouth, Maine earns about $101,484 a year. Half of households make more than that, and half make less.

Is Falmouth, Maine expensive?

In Falmouth, Maine, the median home is worth about $833,300, and the typical rent is about $1,573 a month.

How educated are people in Falmouth, Maine?

About 69.3% of adults age 25 and over in Falmouth, Maine hold a bachelor's degree or higher.

What is the poverty rate in Falmouth, Maine?

About 2.3% of people in Falmouth, Maine live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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