Valley Falls, RI is a vibrant community located in the East Bay of Rhode Island. It is home to a variety of local companies such as Tideland Industries, Greenleaf Landscaping, H2O Dock Services, and Blue Heron Coffee Roasters. Valley Falls offers residents a high quality of life with an affordable cost of living. The average rent for a two bedroom apartment in Valley Falls is $1,390 per month compared to the national average of $1,430. Additionally, Valley Falls has a grocery cost index that is 107 versus 100 in the US which means that groceries are slightly more expensive than other areas. With its diverse businesses and affordable amenities, Valley Falls is an attractive place to live and work.
Valley Falls has an unemployment rate of 7.7%. The US average is 6.0%.
Valley Falls 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 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Valley Falls
- The Sales Tax Rate for Valley Falls is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Valley Falls 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 Valley Falls
- The average income of a Valley Falls resident is $29,629 a year. The US average is $28,555 a year.
- The Median household income of a Valley Falls resident is $90,851 a year. The US average is $69,021 a year.