Cost of Living in Woonsocket, RI
Population 43,074 · Rhode Island · Data vintage 2023
(100 = US avg)
Woonsocket lands reasonably close to national benchmarks on most cost indicators, with a median home value of $268,000 — 12% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Rhode Island. Unemployment has stayed elevated relative to the national figure — 8.1% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Woonsocket sits roughly 13 miles northwest of Providence — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 17% lower than Providence's $323,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Woonsocket
The median home value in Woonsocket is $268,000 — 12% below the national median of $305,000. Median rent runs $1,116/month, 15% lower than the national median of $1,314/month. The median household income of $58,614/year is 21% lower than the US median of $74,580. The local unemployment rate is 8.1%, above 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, Woonsocket has a cost of living index of 87 versus the US average of 100, meaning it is 13% less 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Woonsocket, RI?
Woonsocket has a cost index of 87 (100 = national average). It is 13% below the national average.
What is average rent in Woonsocket, RI?
The median gross rent in Woonsocket is $1,116 per month based on 2023 Census data.
What is the average home price in Woonsocket?
The median home value in Woonsocket is $268,000 according to Zillow and Census data.
What is the median income in Woonsocket?
The median household income in Woonsocket is $58,614 per year (2023 ACS 5-year estimates).
What is the sales tax in Woonsocket, RI?
The combined state and local sales tax rate in Woonsocket is 7.0%. The Rhode Island state income tax top rate is 6.0%.
Is Woonsocket, RI affordable?
Yes, Woonsocket is generally considered affordable, with a cost of living index of 87 — about 13% below the US national average of 100.
Woonsocket at a Glance
- Population
- 43,074
- Median Income
- $58,614
- Home Value
- $268,000
- Median Rent
- $1,116/mo
- Unemployment
- 8.1%
- Sales Tax
- 7.0%
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Rhode Island Rankings
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