Valley Falls, RI Cost Of Living
Cost Of Living In Valley Falls, RI Summary
Cost of living in Valley Falls research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Valley Falls is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Rhode Island, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Valley Falls is 114, with 100 being the average.
The cost of living index in Valley Falls is 1.1x higher than the national average.
Valley Falls ranks as the #6 cheapest in Rhode Island out of 15.
Valley Falls ranks as the #4,023 cheapest out of 6,489 in the US.
The median home value in Valley Falls is $462,567.
The median income in Valley Falls is $93,653.
Table Of Contents
Valley Falls's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Valley Falls, RI?
According to the most recent data on the cost of living, Valley Falls has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Rhode Island, Valley Falls has a cost of living index that's 1.0x higher than Rhode Island's index of 111.
The standard of living in Valley Falls ranks as #6 most affordable out of the 15 places we measured in Rhode Island. By definition, that implies Valley Falls ranks as the #9 most expensive place in the Ocean State.
For more reading on life in Valley Falls, check out:
In Rhode Island
In America
Valley Falls Cost Of Living Vs. Rhode Island
Six factors go into calculating the cost of living index in Valley Falls. Here is how it fairs on each of the criteria:
The Services index in Valley Falls is 115.
The Groceries index in Valley Falls is 100.
The Health index in Valley Falls is 107.
The Housing index in Valley Falls is 132.
The Transportation index in Valley Falls is 92.
The Utilities index in Valley Falls is 113.
| Living Expense | Valley Falls | Rhode Island | National Average | |
|---|---|---|---|---|
| Overall | 114 | 111 | 100 | |
| Services | 115 | 113 | 100 | |
| Groceries | 100 | 100 | 100 | |
| Health | 107 | 110 | 100 | |
| Housing | 132 | 121 | 100 | |
| Transportation | 92 | 91 | 100 | |
| Utilities | 113 | 114 | 100 | |
Valley Falls, RI Housing Cost Breakdown
Housing swings affordability the most between places in Rhode Island, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Valley Falls is $462,567.
The Median Rent in Valley Falls is $1,160.
The Median Income in Valley Falls is $93,653.
The Home Value To Income in Valley Falls is 4.9x.
The Rent To Monthly Income in Valley Falls is 0.15x.
| Statistic | Valley Falls | Rhode Island | United States |
|---|---|---|---|
| Median Home Value | $462,567 | $490,356 | $303,400 |
| Median Rent | $1,160 | $1,273 | $1,348 |
| Median Income | $93,653 | $86,372 | $78,538 |
| Home Value To Income | 4.9x | 5.7x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Valley Falls, RI Costs By Category
Detailed Valley Falls Services Costs Vs. Rhode Island
| Item | Valley Falls | Rhode Island |
|---|---|---|
| Shampoo | $1.43 | $1.28 |
| Movie | $14.37 | $12.13 |
| Bowling | $22.72 | $18 |
| Haircut | $31.5 | $24.26 |
| Beauty Salon | $49.92 | $45.56 |
Detailed Valley Falls Groceries Costs Vs. Rhode Island
| Item | Valley Falls | Rhode Island |
|---|---|---|
| Ground Beef | $5.85 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $11.59 | $12.09 |
| Beer | $10.74 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Valley Falls Health Costs Vs. Rhode Island
| Item | Valley Falls | Rhode Island |
|---|---|---|
| Optometrist | $104.45 | $125.68 |
| Doctor | $169.83 | $135.78 |
| Dentist | $130.28 | $113.29 |
Detailed Valley Falls Transportation Costs Vs. Rhode Island
| Item | Valley Falls | Rhode Island |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $48.2 | $59.92 |
Detailed Valley Falls Utilities Costs Vs. Rhode Island
| Item | Valley Falls | Rhode Island |
|---|---|---|
| All Electricity | $230.62 | $193.99 |
| Phone | $195.18 | $192.25 |
Valley Falls SnackAbility
/10
Cost Of Living In Cities Around Valley Falls
The cost of living varies in the cities and towns around Valley Falls. Here's a quick look at the cost of living in the most populous nearby places:
Providence, RI has a cost of living index of 111, 1.0x Valley Falls.
Pawtucket, RI has a cost of living index of 110, 1.0x Valley Falls.
East Providence, RI has a cost of living index of 110, 1.0x Valley Falls.
| City | Population | Cost Of Living | Vs. Valley Falls |
|---|---|---|---|
| Providence, RI | 190,214 | 111 | 1.0x |
| Pawtucket, RI | 75,280 | 110 | 1.0x |
| East Providence, RI | 46,970 | 110 | 1.0x |
| Attleboro, MA | 46,499 | 124 | 1.1x |
| Woonsocket, RI | 43,074 | 105 | 0.9x |
| Milford, MA | 27,919 | 126 | 1.1x |
| Central Falls, RI | 22,481 | 103 | 0.9x |
| Somerset, MA | 18,246 | 120 | 1.1x |
| Cumberland Hill, RI | 8,638 | 118 | 1.0x |
| Greenville, RI | 8,586 | 122 | 1.1x |
