Zip 02891 (Westerly, RI) Economy


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02891 Westerly, RI offers a great balance of affordability and quality of life. The two bedroom rent in this area is $1,480, which is slightly higher than the US average 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in 02891 Westerly is 107 compared to the US average of 100.
For those looking to move into 02891 Westerly, there are many job opportunities available from well-known companies such as Pfizer Inc., Electric Boat Corporation, and Nestle Waters North America. In addition to work opportunities, there are also many recreational activities to enjoy nearby. Popular attractions include Misquamicut State Beach for swimming and sunbathing and Wilcox Park for kayaking and fishing.

Westerly (zip 02891) has an unemployment rate of 6.5%. The US average is 6.0%.

Westerly (zip 02891) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.

Tax Rates for Westerly (zip 02891)
- The Sales Tax Rate for Westerly (zip 02891) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Westerly (zip 02891) 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 Westerly (zip 02891)
- The average income of a Westerly (zip 02891) resident is $35,971 a year. The US average is $28,555 a year.
- The Median household income of a Westerly (zip 02891) resident is $82,331 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWesterly, Rhode IslandUnited States
  6.56
  -9.5%-6.2%
  30.2%33.5%
  7.0%6.2%
  3.8%4.6%
  $48,339$37,638
  $82,331$69,021
  $108,438$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  6.3%6.8%
  13.8%10.0%
  1.9%2.5%
  10.4%11.0%
  2.5%4.8%
  0.5%0.8%
  1.0%1.9%
  5.9%4.7%
  1.8%1.9%
  6.2%7.6%
  0.0%0.1%
  1.0%4.2%
  9.2%9.3%
  15.0%14.0%
  6.0%2.1%
  9.0%7.0%
  4.7%4.8%
  4.3%4.7%
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