Westerly, RI is a beautiful seaside community located in the southwestern corner of the state. It has many attractions including beaches, shops, restaurants, parks, and nearby golfing. Not only do residents enjoy great views and activities but they also benefit from lower costs of living. The average 2 bedroom rent in Westerly is $1,540 per month which is slightly less than the national average of $1,430 per month. Moreover, the grocery cost index in Westerly is 107 versus 100 nationally showing that groceries are 7% more expensive nationwide than in Westerly. Local companies such as Coastal Roasters Coffee Roasting Company and Ocean Community Chamber of Commerce help to make Westerly an enjoyable place to live.
Westerly has an unemployment rate of 6.5%. The US average is 6.0%.
Westerly 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 Westerly
- The Sales Tax Rate for Westerly is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Westerly 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 Westerly
- The average income of a Westerly resident is $46,913 a year. The US average is $37,638 a year.
- The Median household income of a Westerly resident is $81,051 a year. The US average is $69,021 a year.