Cost of Living in Falmouth
Falmouth's cost of living centers on a real tension: substantial home values offset by a genuinely low property tax rate, alongside homeowners-insurance premiums running well above the state mean.
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Learn moreSubstantial housing costs
Falmouth's median home value (~$818,900) runs genuinely, substantially above Massachusetts's own statewide average (~$667,265), consistent with Cape Cod's real vacation-home-driven housing dynamic.
A genuinely low property tax rate
Falmouth's effective property tax rate (~0.63%) runs well below Massachusetts's statewide average (1.00%-1.17%) -- though the high home value still produces a substantial estimated ~$5,159/year bill.
Elevated homeowners-insurance costs
Cape Cod communities including Falmouth pay the highest homeowners-insurance premiums statewide -- a real, disclosed 29%-68% above the Massachusetts mean, reflecting direct hurricane and storm-surge exposure.
Key takeaways
- Falmouth's home values run substantially above Massachusetts's own statewide average.
- Falmouth's low property tax rate (~0.63%) still produces a substantial bill given the high home value.
- Homeowners-insurance premiums on Cape Cod run genuinely elevated versus the statewide mean.
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