Salary & Cost of Living in Fall River, MA
Fall River, MA: $35,818 median salary, cost of living index 100.8, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$35,818
$17/hr
Cost of Living
100.8
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4.1%
rate
Fall River, MA Overview
Population
93,885
Median Salary
$35,818
Average Salary
$40,116
Avg Commute
21 min
Median Home Price
$305,000
Median Rent
$1,267/mo
Job Growth
+1.7%
Sales Tax
6.25%
Fall River is located in Massachusetts with a population of 93,885. The median household salary is $35,818 per year ($17/hour), which is $23,566 below the national median of $59,384. The average commute time is 21 minutes, and the city has a job growth rate of +1.7%.
Fall River Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Fall River, MA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$29,027
$2,418.95/month · $1,116.44/biweekly · Effective Rate: 19.0%
Gross Pay
$35,818
Federal Tax
-$2,260
State Tax
-$1,791
Local Tax
$0
FICA
-$2,740
Net Pay
$29,027
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $2,984.83 | $35,818.00 |
| Federal Income Tax | -$188.30 | -$2,259.66 |
| Massachusetts State Tax (5%) | -$149.24 | -$1,790.90 |
| Social Security (6.2%) | -$185.06 | -$2,220.72 |
| Medicare (1.45%) | -$43.28 | -$519.36 |
| Net Take-Home Pay | $2,418.95 | $29,027.36 |
Salary Comparison: Fall River vs Other Cities
See how Fall River's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Fall River, MA | $35,818 | 100.8 | $35,534 |
| National Average | $59,384 | 100 | $59,384 |
| Yuma, AZ | $35,820 | 93.5 | $38,310 |
| Yakima, WA | $35,822 | 92.5 | $38,726 |
| Lawton, OK | $35,812 | 82.5 | $43,408 |
| Bryan, TX | $35,809 | 87.5 | $40,925 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Fall River
Fall River's cost of living index is 100.8 (national average = 100). Living in Fall River is 0.7999999999999972% more expensive than the national average.
Median Home Price
$305,000
Median Monthly Rent
$1,267
Annual Rent Cost
$15,204
Your Salary's Purchasing Power
Your $29,027 annual take-home pay in Fall River has the purchasing power of approximately $28,797 in an average-cost US area. You would need to earn $36,105 in Fall River to match a $35,818 salary in an average-cost city.
Top Industries in Fall River
Fall River's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $35,818.
Salary Tips for Fall River Workers
- Research top industries. Fall River's top industries include Biotech, Education, Finance. Targeting roles in these sectors can help you earn above the $35,818 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Fall River, MA?
The median salary in Fall River, MA is $35,818 per year, or $17 per hour. The average salary is $40,116. This is $23,566 below the national median of $59,384.
What is the cost of living in Fall River, MA?
Fall River's cost of living index is 100.8 (national average = 100), meaning it is 0.7999999999999972% more expensive compared to the national average. The median home price is $305,000 and the median monthly rent is $1,267.
What are the best industries in Fall River?
The top industries in Fall River, MA include Biotech, Education, Finance. The city has a job growth rate of 1.7% and an unemployment rate of 4.1%. Workers in these industries often earn above the city's median salary of $35,818.
How does Fall River's salary compare to other cities?
Fall River's median salary of $35,818 is 39.7% below the national median of $59,384. However, when adjusted for cost of living (index: 100.8), the real purchasing power is approximately $35,534.
What is the minimum wage in Fall River, MA?
The minimum wage in Fall River, MA is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.