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The labor force participation rate in Fallsburg is 53.1%, with an unemployment rate of 7.5%. For those in the labor pool, the typical commute time is 29 minutes. 9.7% of Fallsburg’s residents have a graduate diploma, and 13% have a bachelors degree. Among the people without a college degree, 28.6% attended some college, 30.8% have a high school diploma, and just 17.9% possess an education lower than senior school. 5.3% are not covered by medical health insurance.
The average family size in Fallsburg, NY is 3.45 residential members, with 58.9% owning their very own houses. The average home valuation is $135247. For those people leasing, they spend an average of $781 monthly. 41.8% of households have dual sources of income, and a median domestic income of $40631. Average income is $25687. 19.2% of inhabitants survive at or beneath the poverty line, and 20.6% are disabled. 5.2% of residents are veterans of the armed forces of the United States.