Chepachet, RI is a small town located in the northern part of the state. It is a great place to live, as it offers affordable 2 bedroom rent at $1,510 per month compared to the US average of $1,430. In addition to low rental costs, grocery costs are also lower than average in Chepachet with an index of 106 versus 100 in the US.
There are many local businesses and attractions for residents to enjoy. There are shops such as Elliott's Hardware Store which has been around since 1950 and serves as a landmark in Chepachet. There is also The General Store which sells an array of items from clothing and arts and crafts to furniture and gift items. For outdoor activities there are hiking trails at the George Washington Management Area or fishing spots along the Wood River. The annual Chepachet Fair is held every year giving locals a chance to come together for some fun activities such as rides, games and food vendors.
Chepachet has an unemployment rate of 7.7%. The US average is 6.0%.
Chepachet 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 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Chepachet
- The Sales Tax Rate for Chepachet is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Chepachet 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 Chepachet
- The average income of a Chepachet resident is $33,081 a year. The US average is $28,555 a year.
- The Median household income of a Chepachet resident is $68,938 a year. The US average is $69,021 a year.