Quonochontaug, RI is a small town located in Washington County with a unique charm. The cost of living here is slightly higher than the average in the US; it has a 2 bedroom rental rate that is about $240 more than the US average and a Grocery Cost Index that is 8% higher. Local businesses are an important part of this community's economy; companies such as Quonochontaug Marina, My Group Fitness, and Kenyon's Grist Mill provide services and products to its citizens. All in all, while Quonochontaug may have higher costs of living than many other places, it provides a friendly and safe environment for its residents.
Quonochontaug has an unemployment rate of 6.5%. The US average is 6.0%.
Quonochontaug has seen the job market decrease by -9.5% 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 Quonochontaug
- The Sales Tax Rate for Quonochontaug is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Quonochontaug 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 Quonochontaug
- The average income of a Quonochontaug resident is $100,503 a year. The US average is $37,638 a year.
- The Median household income of a Quonochontaug resident is $0 a year. The US average is $69,021 a year.