Fall River, MA Cost Of Living
Cost Of Living In Fall River, MA Summary
Cost of living in Fall River research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fall River is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fall River is 113, with 100 being the average.
The cost of living index in Fall River is 1.1x higher than the national average.
Fall River ranks as the #17 cheapest in Massachusetts out of 112.
Fall River ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Fall River is $438,196.
The median income in Fall River is $53,933.
Table Of Contents
Fall River's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fall River, MA?
According to the most recent data on the cost of living, Fall River has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Massachusetts, Fall River has a cost of living index that's 0.8x lower than Massachusetts's index of 134.
The standard of living in Fall River ranks as #17 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Fall River ranks as the #95 most expensive place in the Bay State.
For more reading on life in Fall River, check out:
In Massachusetts
In America
Fall River Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Fall River. Here is how it fairs on each of the criteria:
The Services index in Fall River is 113.
The Groceries index in Fall River is 104.
The Health index in Fall River is 109.
The Housing index in Fall River is 122.
The Transportation index in Fall River is 92.
The Utilities index in Fall River is 113.
| Living Expense | Fall River | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 113 | 134 | 100 | |
| Services | 113 | 121 | 100 | |
| Groceries | 104 | 106 | 100 | |
| Health | 109 | 112 | 100 | |
| Housing | 122 | 164 | 100 | |
| Transportation | 92 | 120 | 100 | |
| Utilities | 113 | 136 | 100 | |
Fall River, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Fall River is $438,196.
The Median Rent in Fall River is $1,086.
The Median Income in Fall River is $53,933.
The Home Value To Income in Fall River is 8.1x.
The Rent To Monthly Income in Fall River is 0.24x.
| Statistic | Fall River | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $438,196 | $649,115 | $303,400 |
| Median Rent | $1,086 | $1,687 | $1,348 |
| Median Income | $53,933 | $101,341 | $78,538 |
| Home Value To Income | 8.1x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Fall River, MA Costs By Category
Detailed Fall River Services Costs Vs. Massachusetts
| Item | Fall River | Massachusetts |
|---|---|---|
| Shampoo | $1.43 | $1.28 |
| Movie | $14.37 | $12.13 |
| Bowling | $22.72 | $18 |
| Haircut | $31.5 | $24.26 |
| Beauty Salon | $49.92 | $45.56 |
Detailed Fall River Groceries Costs Vs. Massachusetts
| Item | Fall River | Massachusetts |
|---|---|---|
| Ground Beef | $5.85 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $11.59 | $12.09 |
| Beer | $10.74 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Fall River Health Costs Vs. Massachusetts
| Item | Fall River | Massachusetts |
|---|---|---|
| Optometrist | $104.45 | $125.68 |
| Doctor | $169.83 | $135.78 |
| Dentist | $130.28 | $113.29 |
Detailed Fall River Transportation Costs Vs. Massachusetts
| Item | Fall River | Massachusetts |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $48.2 | $59.92 |
Detailed Fall River Utilities Costs Vs. Massachusetts
| Item | Fall River | Massachusetts |
|---|---|---|
| All Electricity | $230.62 | $193.99 |
| Phone | $195.18 | $192.25 |
Fall River SnackAbility
/10
Cost Of Living In Cities Around Fall River
The cost of living varies in the cities and towns around Fall River. Here's a quick look at the cost of living in the most populous nearby places:
Providence, RI has a cost of living index of 111, 1.0x Fall River.
New Bedford, MA has a cost of living index of 109, 1.0x Fall River.
Pawtucket, RI has a cost of living index of 110, 1.0x Fall River.
| City | Population | Cost Of Living | Vs. Fall River |
|---|---|---|---|
| Providence, RI | 190,214 | 111 | 1.0x |
| New Bedford, MA | 100,731 | 109 | 1.0x |
| Pawtucket, RI | 75,280 | 110 | 1.0x |
| Taunton, MA | 59,719 | 120 | 1.1x |
| Attleboro, MA | 46,499 | 124 | 1.1x |
| Central Falls, RI | 22,481 | 103 | 0.9x |
| Somerset, MA | 18,246 | 120 | 1.1x |
| Tiverton, RI | 8,151 | 117 | 1.0x |
| Bliss Corner, MA | 5,666 | 122 | 1.1x |
