Ashaway, RI is a small town located in the state of Rhode Island. It offers an array of amenities such as parks, restaurants, and shops; however it does not have a large population. This allows for a more relaxed atmosphere that appeals to those looking for peace and quiet. Rent for a two-bedroom apartment in Ashaway is around $1,260 which is slightly lower than the national average of $1,430. Additionally, the Grocery Cost Index for Ashaway is 106 compared to 100 nationally. This suggests that groceries are slightly more expensive in Ashaway but overall the cost of living remains relatively low. Local businesses include Blackstone Valley Community Health Care, Aquidneck Island Realty Group, and Prudence Property Management Company who all help to make up the local economy.
Ashaway has an unemployment rate of 6.5%. The US average is 6.0%.
Ashaway has seen the job market decrease by -9.5% 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 Ashaway
- The Sales Tax Rate for Ashaway is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ashaway 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 Ashaway
- The average income of a Ashaway resident is $35,260 a year. The US average is $37,638 a year.
- The Median household income of a Ashaway resident is $91,991 a year. The US average is $69,021 a year.