Chepachet, a small village in Rhode Island, is an excellent place to call home. This picturesque town offers great amenities and places to explore. Residents of Chepachet benefit from the low cost of living with a two bedroom rental averaging $1,510 per month which is considerably lower than the national average of $1,430. The Grocery Cost Index in Chepachet is also lower than the US average at 106 versus 100 making it more affordable for residents to buy food and groceries. In addition to its affordability, Chepachet is also known for its many outdoor activities as well as local companies such as Hilltop Rentals and Main Street Pharmacy. Hilltop Rentals provides various rental services including general rentals as well as rentals for special events while Main Street Pharmacy offers specialized medical supplies and medication delivery services.
Chepachet (zip 02814) has an unemployment rate of 7.7%. The US average is 6.0%.
Chepachet (zip 02814) 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 (zip 02814)
- The Sales Tax Rate for Chepachet (zip 02814) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Chepachet (zip 02814) 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 (zip 02814)
- The average income of a Chepachet (zip 02814) resident is $33,424 a year. The US average is $28,555 a year.
- The Median household income of a Chepachet (zip 02814) resident is $93,060 a year. The US average is $69,021 a year.