East Providence, RI is a great place to live due to its affordability. The average two bedroom rent is relatively low at $1,410 compared to the US average of $1,430. Additionally, grocery cost index for a typical basket of goods is 105 versus 100 in the US. These lower costs make East Providence more attractive than other areas. The city is home to many successful businesses such as BankNewport, Citizens Bank and Stop & Shop Supermarket Company. There are also several unique restaurants such as Taste of India and La Cave du Vin that bring culture to the area. All this makes East Providence an ideal location for those looking for affordable living with a side of culture and unique dining experiences.
East Providence has an unemployment rate of 7.5%. The US average is 6.0%.
East Providence 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 29.4%, which is lower than the US average of 33.5%.
Tax Rates for East Providence
- The Sales Tax Rate for East Providence is 7.0%. The US average is 7.3%.
- The Income Tax Rate for East Providence 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 East Providence
- The average income of a East Providence resident is $28,446 a year. The US average is $28,555 a year.
- The Median household income of a East Providence resident is $65,016 a year. The US average is $69,021 a year.