Lincoln, RI is a small yet thriving city located in the picturesque state of Rhode Island. With a population of just over 21,000 people, Lincoln offers residents and visitors alike a town filled with local culture and businesses. Located only 15 minutes outside of Providence, RI, Lincoln can offer its residents quick access to bigger city living while still maintaining the comfortable small-town atmosphere. Some of the popular local businesses in Lincoln include BOGO Grocery Store, Ocean State Sandwich & Deli, and Sal's Pizzeria. The average 2 bedroom rent in Lincoln is $1,670 which is much higher than the national average of $1,430. Additionally, the grocery cost index for Lincoln is 107 versus 100 in the US; meaning groceries will be slightly more expensive on average when compared to other cities around the country.
Lincoln has an unemployment rate of 6.5%. The US average is 6.0%.
Lincoln 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 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln
- The Sales Tax Rate for Lincoln is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lincoln 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 Lincoln
- The average income of a Lincoln resident is $35,401 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln resident is $94,571 a year. The US average is $69,021 a year.