Middletown, RI is a great place to live, offering a variety of activities for locals and visitors alike. The average two bedroom rent in Middletown is $1,980 per month—above the national average of $1,430—but grocery costs here remain noticeably lower than the US index at 108 versus 100. Local companies such as Bank Newport, Newport Hospitality Group, and Aquidneck Growers are thriving in the area and providing job opportunities for residents. All in all, Middletown is an attractive town with a high cost of living that is offset by reasonable groceries costs and plenty of employment options.
Middletown has an unemployment rate of 7.3%. The US average is 6.0%.
Middletown 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Middletown
- The Sales Tax Rate for Middletown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Middletown 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 Middletown
- The average income of a Middletown resident is $35,084 a year. The US average is $28,555 a year.
- The Median household income of a Middletown resident is $88,211 a year. The US average is $69,021 a year.