Saunderstown, RI (02874) is a small town located in the southern part of Rhode Island. It has an estimated population of 6,084 as of 2020 and provides affordable rental prices for two-bedroom apartments at around $1,630. This is slightly higher than the national average for two-bedroom rentals which sit around $1,430. In addition to housing costs, food costs are slightly higher here than the national average with a grocery cost index of 109 as compared to the US's 100.
The town offers many local businesses that serve its community such as Casey Farm Produce Stand & Garden Center, The Bistro on Main St., Baker & Taylor Books and Cafe, Robert’s Flooring America, Red Rock Realty Group LLC, Saunderstown Yacht Club and Country Club of Rhode Island. These companies provide goods and services that help to sustain the vibrant local economy in this small town.
Saunderstown (zip 02874) has an unemployment rate of 6.2%. The US average is 6.0%.
Saunderstown (zip 02874) 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 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Saunderstown (zip 02874)
- The Sales Tax Rate for Saunderstown (zip 02874) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Saunderstown (zip 02874) 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 Saunderstown (zip 02874)
- The average income of a Saunderstown (zip 02874) resident is $46,032 a year. The US average is $28,555 a year.
- The Median household income of a Saunderstown (zip 02874) resident is $124,471 a year. The US average is $69,021 a year.