Fall River, MA

Average · 91

Massachusetts · Population 93,764 · Updated March 2026

$1,086
Median Rent / Month
$53,933
Median Income
$357,800
Median Home Value
$1,176
Owner Costs / Month

Affordability

How far your income goes in Fall River

24.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Massachusetts

State-level tax rates that affect your costs

9.0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.15%
Property Tax Rate

Estimated Annual Costs

$13,032
Annual Rent
$4,854
State Income Tax
$4,115
Property Tax (est.)

Cost of Living Overview

Fall River offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), Fall River residents can expect to pay median rent of $1,086/month while earning a median household income of $53,933/year.

The median home value in Fall River, MA is $357,800, with typical monthly owner costs around $1,176 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Massachusetts's top income tax rate of 9.0% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.25% sales tax rate and 1.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Fall River.

Frequently Asked Questions

Common questions about living costs in Fall River

What is the cost of living in Fall River, MA?
The cost of living index in Fall River, MA is 91 (US average = 100). Median monthly rent is $1,086, median household income is $53,933/year, and the median home value is $357,800.
Is Fall River, MA affordable?
Yes, Fall River is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 24.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fall River, MA?
The median gross rent in Fall River, MA is $1,086 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,032.
What is the median household income in Fall River?
The median household income in Fall River, MA is $53,933 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Massachusetts?
Massachusetts has a top income tax rate of 9.0%, a sales tax of 6.25%, and an effective property tax rate of 1.15%.