East Greenwich, RI is an affluent town located south of Providence and just west of Narragansett Bay. Known for its historic downtown area, East Greenwich features upscale restaurants, boutique shops, art galleries and more. Popular local businesses include the quaintly named “Buttered Biscuit” restaurant, the “Yacht Club at East Greenwich” marina, and Salve Regina University. The area has great accessibility to outdoor activities like hiking trails, beaches and parks. In terms of cost of living compared to other parts of the country, East Greenwich is slightly more expensive with a two-bedroom rental priced at $1,780 as opposed to $1,430 in the U.S., while grocery costs are indexed at 108 versus 100 in the U.S.. Despite this higher cost of living however, East Greenwich remains a desirable place to live that offers all the amenities one could hope for in small-town life.
East Greenwich has an unemployment rate of 5.7%. The US average is 6.0%.
East Greenwich has seen the job market decrease by -8.8% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for East Greenwich
- The Sales Tax Rate for East Greenwich is 7.0%. The US average is 7.3%.
- The Income Tax Rate for East Greenwich 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 East Greenwich
- The average income of a East Greenwich resident is $71,096 a year. The US average is $37,638 a year.
- The Median household income of a East Greenwich resident is $133,373 a year. The US average is $69,021 a year.