Central Falls, RI (02863) is an ideal place for those looking to save money on rent. The 2 bedroom rent in Central Falls is a full $200 cheaper than the national average at just $1,230. Additionally, the Grocery Cost Index is 4 points higher than the national average at 104. This means that groceries are more affordable in Central Falls than other parts of the US. There are many local companies from various industries in Central Falls, including Alex and Ani Manufacturing LLC, Quantum Print Solutions Inc., and Rhode Island Textile Company Inc., among others.
Central Falls (zip 02863) has an unemployment rate of 9.1%. The US average is 6.0%.
Central Falls (zip 02863) 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 Central Falls (zip 02863)
- The Sales Tax Rate for Central Falls (zip 02863) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Central Falls (zip 02863) 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 Central Falls (zip 02863)
- The average income of a Central Falls (zip 02863) resident is $14,008 a year. The US average is $28,555 a year.
- The Median household income of a Central Falls (zip 02863) resident is $40,235 a year. The US average is $69,021 a year.