Cost of Living in Woonsocket, RI
Population 43,521 · Census ACS 2020–2024 5-year estimates
The median rent in Woonsocket, RI is $1,161/month, 13% lower than the Rhode Island median and 18% lower than the U.S. median. The median home value is $311,000, 7% lower than the national median. Households earn a median of $61,059 a year, 30% lower than the state median.
Affordability
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Woonsocket vs. Rhode Island vs. U.S.
| Woonsocket | Rhode Island | U.S. | |
|---|---|---|---|
| Median rent | $1,161 | $1,342 | $1,413 |
| Median home value | $311,000 | $404,200 | $332,700 |
| Median household income | $61,059 | $87,796 | $80,734 |
| Homeownership rate | 37.2% | 63.6% | 65.2% |
| Bachelor's degree or higher | 19.8% | 37.7% | 35.7% |
| Poverty rate | 18.7% | 11.2% | 12.5% |
| Unemployment rate | 6.8% | 5.8% | 5.2% |
| Work from home | 6.4% | 13.0% | 15.1% |
| Median age | 35.7 | 40.6 | 38.9 |
FAQ
What is the average rent in Woonsocket, RI?
The median gross rent in Woonsocket, RI is $1,161 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Woonsocket, RI?
Using the common 30% rule, renting a median-priced home takes about $46,440 a year in gross income.
Is Woonsocket, RI expensive to live in?
Rent there is 18% lower than the U.S. median, and the median home costs about 5.1 times the median household income.
Other cities in Rhode Island
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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