Coventry, Rhode Island is a great place to live. It has many benefits that make it an attractive option for potential renters. The average two bedroom rent in Coventry is $1,540 which is slightly above the national average of $1,430. There are also plenty of local businesses to choose from such as Coventry Outfitters, Chepachet Technologies, and Richland Hills Winery. Additionally, the grocery cost index in Coventry is 106 versus 100 in the rest of the US - making groceries more affordable than elsewhere. All these factors combined make Coventry an ideal location for anyone looking for a new home.
Coventry has an unemployment rate of 6.8%. The US average is 6.0%.
Coventry 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 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Coventry
- The Sales Tax Rate for Coventry is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Coventry 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 Coventry
- The average income of a Coventry resident is $31,770 a year. The US average is $28,555 a year.
- The Median household income of a Coventry resident is $88,779 a year. The US average is $69,021 a year.