Central Falls cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCentral FallsRhode IslandNational
Cost of living index111121100
IndexCentral FallsRhode IslandNational
Goods & Services index123123100
Groceries index111111100
Health care index117117100
Housing index90126100
Transportation index111111100
Utilities index126126100
An overview of the general cost of living index for Central Falls, RI is displayed above for your reference. Residents in Central Falls, RI enjoy a cost of living index of 111. This index is 9% lower than the Rhode Island average, and 11% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Central Falls, RI, the average cost of goods and services is equal to it is in Rhode Island, and it is 23% higher than the national average.

Did you know?

  • The cost of living in Central Falls is 9% lower than the Rhode Island average.
  • The cost of living in Central Falls is 11% higher than the national average.
  • The cost of housing in Central Falls is 10% lower than the national average.
  • Rhode Island general sales tax is 37% higher than the national average.
  • Rhode Island state income tax is 69% higher than the national average.

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Compare Central Falls, RI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Central Falls, RI to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Central Falls, RI, then you would need to earn more income in order to maintain the same standard of living. To use the Central Falls, RI salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,467$4,122$1,154$1,484
Renters$23,504$1,959$548$705
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Central Falls, RI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Central Falls, RI homeowners, is $49,467. This would allow for a maximum of $1,154 per month to be spent on housing costs. For renters, the median monthly income is $23,504 which would result in a maximum of $548 to be spent on rental costs.

Rhode Island Sales Tax

StateGeneral Sales TaxWith Max Surtax
Rhode Island7%7%

Rhode Island Income Tax

StateIncome Tax (Low)Income Tax (High)
Rhode Island3.75%5.99%
When you are determining the total cost of living in Central Falls, RI you will want to make sure you consider both the Rhode Island sales tax and the Rhode Island income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Rhode Island is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Rhode Island have a range from 3.75% to 5.99%.

Goods & Services

ItemCentral FallsNational avg.Difference
Haircut $15.00$14.592.8%
Beauty Salon $40.00$34.6815.3%
Toothpaste $2.50$2.471.1%
Shampoo $1.25$1.0222.3%
Movie $11.75$9.8719.1%
Bowling $4.75$4.398.2%

Groceries

ItemCentral FallsNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.59$1.468.6%
Milk $3.39$2.3643.8%
Potatoes $3.99$3.0630.3%
Pizza $8.50$9.248.0%
Beer $8.32$8.633.6%

Health Care

ItemCentral FallsNational avg.Difference
Optometrist $125.00$99.7825.3%
Doctor $149.00$105.0341.9%
Dentist $98.00$88.7010.5%
Ibuprofen $10.25$9.418.9%
Lipitor $293.99$298.501.5%

Housing

ItemCentral FallsNational avg.Difference
Home Price $160,500.00$175,700.008.7%
Avg. Mortgage Payment $1,392.30$1,081.0328.8%
Apartment Rent $813.00$920.0011.6%

Transportation

ItemCentral FallsNational avg.Difference
Gasoline $2.33$2.0911.4%
Tire Balancing $49.00$45.298.2%

Utilities

ItemCentral FallsNational avg.Difference
All Electricity$213.54$170.8025.0%
Phone $36.19$28.2628.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Woonsocket, RI41,13611111%
Pawtucket, RI71,31311212%
Providence, RI178,56211515%
Chepachet, RI1,51011515%
Harrisville, RI1,96511717%
Central Falls, RI19,40611111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
DeBary, FL19,40499-1%
Bethany, OK19,39085-15%
Alsip, IL19,3851033%
Mandan, ND19,38195-5%
Chalmette, LA19,37588-12%
Central Falls, RI19,40611111%
Source: The Central Falls, RI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.