Central Falls, RI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Central Falls, RI Summary

Cost of living in Central 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 Central 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 Central Falls is 108, with 100 being the average.

  • The cost of living index in Central Falls is 1.1x higher than the national average.

  • Central Falls ranks as the #1 cheapest in Rhode Island out of 15.

  • Central Falls ranks as the #3,954 cheapest out of 6,412 in the US.

  • The median home value in Central Falls is $187,300.

  • The median income in Central Falls is $40,235.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
108
Central Falls's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Central Falls, RI?

According to the most recent data on the cost of living, Central Falls has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.

Compared to Rhode Island, Central Falls has a cost of living index that's 1.0x lower than Rhode Island's index of 111.

The standard of living in Central Falls ranks as #1 most affordable out of the 15 places we measured in Rhode Island. By definition, that implies Central Falls ranks as the #14 most expensive place in the Ocean State.

For more reading on life in Central Falls, check out:

1 out of 15
In Rhode Island
3,954 out of 6,412
In America

Central Falls Cost Of Living Vs. Rhode Island

Six factors go into calculating the cost of living index in Central Falls. Here is how it fairs on each of the criteria:

  • The Services index in Central Falls is 118.

  • The Groceries index in Central Falls is 111.

  • The Health index in Central Falls is 105.

  • The Housing index in Central Falls is 82.

  • The Transportation index in Central Falls is 105.

  • The Utilities index in Central Falls is 126.

Living Expense Central Falls Rhode Island National Average
Overall 108 111 100
Services 118 115 100
Groceries 111 99 100
Health 105 106 100
Housing 82 116 100
Transportation 105 101 100
Utilities 126 118 100
For more reading on cost of living around Rhode Island, check out:
Central Falls Cost of Living Vs. RI

Central 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 2017-2021. The key points are:

  • The Median Home Value in Central Falls is $187,300.

  • The Median Rent in Central Falls is $955.

  • The Median Income in Central Falls is $40,235.

  • The Home Value To Income in Central Falls is 4.7x.

  • The Rent To Monthly Income in Central Falls is 0.28x.

Statistic Central Falls Rhode Island United States
Median Home Value $187,300 $292,600 $244,900
Median Rent $955 $1,097 $1,163
Median Income $40,235 $74,489 $69,021
Home Value To Income 4.7x 3.9x 3.5x
Rent To Monthly Income 0.28x 0.18x 0.2x
Search Homes For Sale In Central Falls, RI
$187,300
Median Home Value
$955
Median Rent
$40,235
Median Income

Central Falls, RI Costs By Category

Detailed Central Falls Services Costs Vs. Rhode Island

Item Central Falls Rhode Island
Shampoo $0.96 $1.06
Movie $12.75 $10.68
Bowling $19.67 $14.67
Haircut $24.44 $18.62
Beauty Salon $48.53 $39.05

Detailed Central Falls Groceries Costs Vs. Rhode Island

Item Central Falls Rhode Island
Ground Beef $3.82 $4.22
Fried Chicken $1.75 $1.39
Milk $2.52 $2.05
Potatoes $4.11 $3.29
Pizza $10.49 $10.62
Beer $10.32 $9.38
Toothpaste $2.53 $2.34

Detailed Central Falls Health Costs Vs. Rhode Island

Item Central Falls Rhode Island
Optometrist $131.39 $108.57
Doctor $157.87 $116.17
Dentist $92.75 $99.13

Detailed Central Falls Transportation Costs Vs. Rhode Island

Item Central Falls Rhode Island
Gasoline $2.15 $2.22
Tire Balancing $62.0 $50.07

Detailed Central Falls Utilities Costs Vs. Rhode Island

Item Central Falls Rhode Island
All Electricity $240.57 $167.67
Phone $189.01 $175.64

Central Falls SnackAbility

4
/10
Overall SnackAbility
Jobs
4/10
Housing
8
Affordability
3
Diversity
8.5
Safety
6
Amenities
9.5
Education
3
Commute
6

Cost Of Living In Cities Around Central Falls

The cost of living varies in the cities and towns around Central 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 110, 1.0x Central Falls.

  • Cranston, RI has a cost of living index of 116, 1.1x Central Falls.

  • Pawtucket, RI has a cost of living index of 109, 1.0x Central Falls.

City Population Cost Of Living Vs. Central Falls
Providence, RI 188,812 110 1.0x
Cranston, RI 82,654 116 1.1x
Pawtucket, RI 75,200 109 1.0x
East Providence, RI 47,171 113 1.0x
Attleboro, MA 46,146 121 1.1x
Woonsocket, RI 43,044 108 1.0x
Milford, MA 27,336 125 1.2x
Somerset, MA 18,271 121 1.1x
Valley Falls, RI 12,064 115 1.1x
Greenville, RI 8,955 122 1.1x

Articles About Rhode Island

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