Woonsocket, RI Economy

Woonsocket, RI is a city in Providence County located about 15 miles from the Rhode Island state capital. The cost of rent for 2-bedroom residence is slightly lower than the national average, and the Grocery Cost Index is 4% higher than the US average. Woonsocket has many large companies such as CVS Health, PolyOne Corporation, Citizens Bank and Hasbro. There are also many local attractions such as Slatersville Plantation, River Falls Spa and Museum of Work & Culture.

Woonsocket has an unemployment rate of 9.8%. The US average is 6.0%.

Woonsocket has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.

Tax Rates for Woonsocket
- The Sales Tax Rate for Woonsocket is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Woonsocket is 3.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Woonsocket
- The average income of a Woonsocket resident is $21,716 a year. The US average is $28,555 a year.
- The Median household income of a Woonsocket resident is $48,822 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Woonsocket, Rhode Island	United States
	9.8	6
	-8.8%	-6.2%
	27.8%	33.5%
	7.0%	6.2%
	3.8%	4.6%
	$26,561	$37,638
	$48,822	$69,021
	$58,896	$85,028
Population by Occupation
	0.1%	1.2%
	0.0%	0.5%
	5.8%	6.8%
	13.3%	10.0%
	2.1%	2.5%
	14.2%	11.0%
	5.3%	4.8%
	0.1%	0.8%
	0.9%	1.9%
	5.6%	4.7%
	1.1%	1.9%
	3.9%	7.6%
	0.2%	0.1%
	3.8%	4.2%
	7.8%	9.3%
	17.8%	14.0%
	2.6%	2.1%
	7.0%	7.0%
	4.9%	4.8%
	3.5%	4.7%