Cranston, RI is a vibrant city with a lot to offer its residents. It has an average two bedroom rent of $1,580 which is slightly higher than the US average of $1,430. The city also features an impressive grocery cost index of 106 compared to 100 in the US. Along with many popular restaurants and stores, Cranston is home to various companies such as MetLife, Amica Mutual Insurance, and Hasbro. It's also a great place for those looking to start their own business ventures as it boasts excellent infrastructure and a strong economic climate that allows for many different kinds of businesses and activities from retail to finance.
Cranston has an unemployment rate of 7.0%. The US average is 6.0%.
Cranston 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 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Cranston
- The Sales Tax Rate for Cranston is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cranston 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 Cranston
- The average income of a Cranston resident is $29,878 a year. The US average is $28,555 a year.
- The Median household income of a Cranston resident is $77,145 a year. The US average is $69,021 a year.