The small town of Falmouth, Maine is home to approximately 2,000 people. Retirees account for a greater percentage of the population (25%) here than nationally (14%), while young adults are less well-represented. Overall, the town's population, at an average age of just under 48, is older than most cities in Maine. Home ownership is more common than renting in the area, and 31% of residents rent. Relatively high rent costs could be playing a role, as the average rent of $1,379 per month is substantially higher than the state average of $852.
Falmouth has an average commute time of about 20 minutes, faster than the state average of about 23 minutes. Many residents (45%) commute to work by car, while public transit is not extensively used. Walking (3%) isn't a common means of commuting to work, though the number is higher than the national average.
Falmouth has a large concentration of residents older than 25 with advanced degrees compared to the national average (7%), as 19% have earned a Master's degree or a Doctoral degree. Further, 28% have earned a Bachelor's degree, which also outpaces the national average. Many Falmouth residents work in one of four industries: retail, scientific, healthcare, and education. Combined, these industries make up 32% of the town's workforce. Meanwhile, looking at job function, many of the town's workers are in management, which ranks as the top career path in the town. With an average annual income of around $100,000, seventh-highest in the state, Falmouth workers are generally well-compensated for their efforts. The town's average income also compares favorably to the national average of $73,345.
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