Cost of Living in Valley Falls, RI
Population 12,370 · Rhode Island · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Valley Falls a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $348,000.
Located 7 miles north of Providence, Valley Falls falls within that metro's commuting orbit. Median home values run roughly 8% higher than Providence's $323,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Valley Falls
The median home value in Valley Falls is $347,900 — 14% above the national median of $305,000. Median rent runs $1,160/month, 12% lower than the national median of $1,314/month. The median household income of $93,653/year is 26% higher than the US median of $74,580. The local unemployment rate is 3.1%, below the national average of 4.8%. Rhode Island's top state income tax rate is 6.0% and the combined sales tax is 7.0%. Overall, Valley Falls has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Valley Falls, RI?
Valley Falls has a cost index of 104 (100 = national average). It is 4% above the national average.
What is average rent in Valley Falls, RI?
The median gross rent in Valley Falls is $1,160 per month based on 2023 Census data.
What is the average home price in Valley Falls?
The median home value in Valley Falls is $347,900 according to 2023 Census ACS data.
What is the median income in Valley Falls?
The median household income in Valley Falls is $93,653 per year (2023 ACS 5-year estimates).
What is the sales tax in Valley Falls, RI?
The combined state and local sales tax rate in Valley Falls is 7.0%. The Rhode Island state income tax top rate is 6.0%.
Is Valley Falls, RI affordable?
Valley Falls is near the national average in terms of cost of living, with an index of 104 (100 = US average).
Valley Falls at a Glance
- Population
- 12,370
- Median Income
- $93,653
- Home Value
- $347,900
- Median Rent
- $1,160/mo
- Unemployment
- 3.1%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Rhode Island Rankings
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