| Index | Fall River | Massachusetts | National |
| Cost of living | 119 | 131 | 100 |
| Groceries | 107 | 109 | 100 |
| Health care | 120 | 116 | 100 |
| Housing | 127 | 169 | 100 |
| Transportation | 115 | 115 | 100 |
| Utilities | 118 | 117 | 100 |
| Lifestyle & Entertainment | 116 | 115 | 100 |
| Household Items | 109 | 109 | 100 |
| Education & Childcare | 134 | 127 | 100 |
The cost of living in Fall River affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Fall River is 119, which is 19% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing costs significantly influence the Fall River cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 26.9%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Wondering if Fall River is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Fall River, for example, the median home price is 44.3% higher than what folks pay nationally, and monthly rent is 13.7% lower than the usual rates. Plus, income levels matter too, with Fall River boasting a median household income of $69,372, which is 14.7% lower than the national average.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Fall River, the utilities index registers at 18.1% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Fall River, the transportation index is 15% higher than the national average.
The Fall River cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $109,797 | $9,150 | $2,562 | $3,294 |
| Renters | $49,346 | $4,112 | $1,151 | $1,481 |
| State | General Sales Tax | With Max Surtax |
| Massachusetts | 6.25% | 6.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Massachusetts | 5% | 9% |
| City | Population | Cost of Living Index | National Avg. |
| Central Falls, RI | 20,175 | 103 | 3.0% |
| Pawtucket, RI | 74,311 | 108 | 7.7% |
| New Bedford, MA | 97,315 | 116 | 16.5% |
| Providence, RI | 185,554 | 109 | 9.0% |
| East Providence, RI | 48,849 | 108 | 8.4% |
| Fall River, MA | 91,437 | 119 | 19.1% |
| City | Population | Cost of Living Index | National Avg. |
| Nashua, NH | 91,471 | 116 | 16.5% |
| Maple Ridge, BC | 91,475 | n/a | |
| Norwalk, CT | 91,485 | 142 | 42.4% |
| Mount Pleasant, SC | 91,527 | 140 | 40.4% |
| Chino, CA | 91,540 | 154 | 54.2% |
| Fall River, MA | 91,437 | 119 | 19.1% |
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