Fall River, MA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 114, 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 #18 cheapest in Massachusetts out of 113.

  • Fall River ranks as the #4,427 cheapest out of 6,412 in the US.

  • The median home value in Fall River is $282,500.

  • The median income in Fall River is $49,613.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
114
Fall River's Overall Cost Of Living
1.1x
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 114, 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 143.

The standard of living in Fall River ranks as #18 most affordable out of the 113 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:

18 out of 113
In Massachusetts
4,427 out of 6,412
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 119.

  • The Groceries index in Fall River is 108.

  • The Health index in Fall River is 109.

  • The Housing index in Fall River is 108.

  • The Transportation index in Fall River is 107.

  • The Utilities index in Fall River is 126.

Living Expense Fall River Massachusetts National Average
Overall 114 143 100
Services 119 126 100
Groceries 108 108 100
Health 109 117 100
Housing 108 202 100
Transportation 107 114 100
Utilities 126 123 100
For more reading on cost of living around Massachusetts, check out:
Fall River Cost of Living Vs. MA

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 2017-2021. The key points are:

  • The Median Home Value in Fall River is $282,500.

  • The Median Rent in Fall River is $918.

  • The Median Income in Fall River is $49,613.

  • The Home Value To Income in Fall River is 5.7x.

  • The Rent To Monthly Income in Fall River is 0.22x.

Statistic Fall River Massachusetts United States
Median Home Value $282,500 $424,700 $244,900
Median Rent $918 $1,429 $1,163
Median Income $49,613 $89,026 $69,021
Home Value To Income 5.7x 4.8x 3.5x
Rent To Monthly Income 0.22x 0.19x 0.2x
Search Homes For Sale In Fall River, MA
$282,500
Median Home Value
$918
Median Rent
$49,613
Median Income

Fall River, MA Costs By Category

Detailed Fall River Services Costs Vs. Massachusetts

Item Fall River Massachusetts
Shampoo $0.96 $1.06
Movie $12.75 $10.68
Bowling $19.67 $14.67
Haircut $24.44 $18.62
Beauty Salon $48.53 $39.05

Detailed Fall River Groceries Costs Vs. Massachusetts

Item Fall River Massachusetts
Ground Beef $3.82 $4.22
Fried Chicken $1.75 $1.39
Milk $2.52 $2.05
Potatoes $4.11 $3.29
Pizza $10.49 $10.62
Beer $10.32 $9.38
Toothpaste $2.53 $2.34

Detailed Fall River Health Costs Vs. Massachusetts

Item Fall River Massachusetts
Optometrist $131.39 $108.57
Doctor $157.87 $116.17
Dentist $92.75 $99.13

Detailed Fall River Transportation Costs Vs. Massachusetts

Item Fall River Massachusetts
Gasoline $2.15 $2.22
Tire Balancing $62.0 $50.07

Detailed Fall River Utilities Costs Vs. Massachusetts

Item Fall River Massachusetts
All Electricity $240.57 $167.67
Phone $189.01 $175.64

Fall River SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
8
Affordability
5
Diversity
8
Safety
6
Amenities
9
Education
5
Commute
7

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 110, 1.0x Fall River.

  • New Bedford, MA has a cost of living index of 114, 1.0x Fall River.

  • Pawtucket, RI has a cost of living index of 109, 1.0x Fall River.

City Population Cost Of Living Vs. Fall River
Providence, RI 188,812 110 1.0x
New Bedford, MA 100,309 114 1.0x
Pawtucket, RI 75,200 109 1.0x
Taunton, MA 59,076 119 1.0x
Attleboro, MA 46,146 121 1.1x
Central Falls, RI 22,192 108 0.9x
Somerset, MA 18,271 121 1.1x
Tiverton, RI 8,240 119 1.0x
Bliss Corner, MA 5,529 117 1.0x

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