Falmouth, Virginia is a small town with a population of just over 4,000. Retirees account for a greater percentage of the population (18%) here than nationally (14%), while young adults are less well-represented. Overall, the town's residents, at an average age of just under 38, are younger than most cities in Virginia. The majority of Falmouth residents own their homes, and 29% of residents rent. With an average rent of $1,392 a month, exceeding the state average by $107 per month, relatively high rent costs may be a contributing factor in the higher levels of ownership.
Falmouth has an average commute time of about 41 minutes, longer than the Virginia average of about 30 minutes. Driving is the typical means of commuting to work, opted for by 35% of residents, while public transit is used by only 3% of the town. Few workers commute on foot.
Compared to the state average, Falmouth has a high percentage of residents older than 25 who possess a high school degree or GED (20%). Further, 22% possess a Bachelor's, Master's, Professional, or Doctoral degree. There are three primary industries in Falmouth: public administration, retail, and healthcare. Combined, these industries account for 22% of the labor force in the town. Meanwhile, looking at job function, many workers in these industries are in management, which ranks as the top field in the town. With an average annual income of just over $87,000, Falmouth workers earn roughly the same as the average Virginia resident. However, Falmouth compares more favorably to the national average ($73,345).
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