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Falmouth, VA
Full City Profile · Virginia · Fredericksburg city County
3.8
/5.0
B+
Good
5,036
Population
1,614/sq mi density
$125,305
Median Income
$56,208 per capita
$422,500
Home Value
$475,651 Zillow
$1,972
Median Rent
32.8% income on rent
57°F
Avg Temperature
293 sunny days/yr
449
Violent Crime/100K
4,112 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$125,305 median income, 2.1% unemployment
A+
Affordability
4.8 / 5.0
$422,500 home value, $1,972/mo rent
F
Safety
1.0 / 5.0
449 violent crimes/100K (18% above avg)
A+
Education
4.5 / 5.0
44.3% bachelor's degree or higher
Income Overview
Median Household Income
$125,305
67% above
US avg: $75,149
Per Capita Income
$56,208
44% above
US avg: $39,052
Unemployment Rate
2.1%
42% below
US avg: 3.6%
Poverty Rate
8.4%
32% below
US avg: 12.4%
Income Comparison: Falmouth vs. U.S. Average
Each bar shows Falmouth’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$125,305
167%
Per Capita
US: $39,052
$56,208
144%
IRS Avg AGI
US: $72,000
$90,146
125%
Avg Weekly Wage
US: $1,432
$1,209
84%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,209
16% below US avg ($1,432)
Mean Commute Time
33 min
19% above US avg (28 min)
Work From Home
12.6%
17% below US avg (15.2%)
Drive Alone
81.4%
11% above US avg (73.2%)
Public Transit
1.3%
74% below US avg (5.0%)
How Residents Get to Work
Drive Alone
81.4%
Public Transit
1.3%
Work From Home
12.6%
Other
4.7%
Average commute time
33 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,766
Restaurants
201
Healthcare
244
Retail
249
Manufacturing
24
Tax & Financial
IRS Avg Adjusted Gross Income
$90,146
25% above US avg ($72,000)
Avg Property Tax
$4,419
26% above US avg ($3,500)
Cost of Living Index
101.1
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $125,305 |
| Per Capita Income | $56,208 |
| IRS Avg Adjusted Gross Income | $90,146 |
| Avg Weekly Wage | $1,209 |
Hardship Indicators
| Unemployment Rate | 2.1% |
| Poverty Rate | 8.4% |
| Gini Coefficient | 0.458 |
| Cost of Living Index | 101.1 |
Commute
| Mean Commute | 33 minutes |
| Drive Alone | 81.4% |
| Public Transit | 1.3% |
| Work From Home | 12.6% |
Businesses
| Total Establishments | 1,766 |
| Restaurants | 201 |
| Healthcare | 244 |
| Retail | 249 |
| Manufacturing | 24 |
Tax
| IRS Avg AGI | $90,146 |
| Avg Property Tax | $4,419 |