Woonsocket, Rhode Island (02895) is a small city located in Providence County with a population of 41,186 according to the 2018 census. The cost of rent for two bedrooms in Woonsocket is $1,310 which is lower than the US average of $1,430. Additionally, the Grocery Cost Index in Woonsocket is 104 compared to the national average of 100 making it slightly more expensive to buy groceries than other places. Woonsocket is home to several major companies such as Citizens Bank and CVS Health Corporation that have their headquarters based in this city. It also has two hospitals: Landmark Medical Center and the Our Lady of Fatima Hospital.
Woonsocket (zip 02895) has an unemployment rate of 9.8%. The US average is 6.0%.
Woonsocket (zip 02895) 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 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Woonsocket (zip 02895)
- The Sales Tax Rate for Woonsocket (zip 02895) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Woonsocket (zip 02895) 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 Woonsocket (zip 02895)
- The average income of a Woonsocket (zip 02895) resident is $21,716 a year. The US average is $28,555 a year.
- The Median household income of a Woonsocket (zip 02895) resident is $48,882 a year. The US average is $69,021 a year.