Carolina, RI is an excellent place to call home. The 2 bedroom rent of $1,720 is more expensive than the national average of $1,430 but grocery costs are lower with an index of 107 in comparison to the US benchmark of 100. Residents can enjoy the amenities of local companies such as ABC Grocery Store and XYZ Movie Theater. Carolina also has a variety of parks and trails that offer scenic views and fresh air for outdoor activities. All these features make Carolina, RI a great place to live.
Carolina has an unemployment rate of 6.5%. The US average is 6.0%.
Carolina has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Carolina
- The Sales Tax Rate for Carolina is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Carolina 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 Carolina
- The average income of a Carolina resident is $40,958 a year. The US average is $28,555 a year.
- The Median household income of a Carolina resident is $84,352 a year. The US average is $69,021 a year.