Living in Valley Falls, Rhode Island
Cost of living, income, home prices, rent and demographics of Valley Falls · Census data 2020–2024
Valley Falls has 12,657 residents with a median age of 41.7. The median household income is $92,901 (6% higher than the Rhode Island median), the median home value is $375,200, the median rent is $1,362/month.
Valley Falls at a glance
- Population
- 12,657
- Median age
- 41.7State: 40.6
- Median household income
- $92,901State: $87,796
- Median home value
- $375,200State: $404,200
- Median rent
- $1,362/moState: $1,342
- Homeowners
- 67.8%
- Bachelor's degree or higher
- 29.1%
- Average commute
- 23 min
Is Valley Falls a good place to live?
Pros: Median household income 6% higher than the Rhode Island median; home values 7% lower than the state median; an average commute of 23 minutes; unemployment of 3.4%; a poverty rate of 4.1%.
The weather is best in June to September.
Cost of living in Valley Falls
Housing is the biggest part of the cost of living. In Valley Falls the median home value is $375,200, 13% higher than the U.S. median. Renters pay a median of $1,362 per month, which is 26.6% of household income. Homeowners with a mortgage pay $1,986 a month in housing costs.
Valley Falls median household income
The median household income in Valley Falls is $92,901 and the income per person is $40,454. 4.1% of residents live below the poverty line (Rhode Island: 11.2%).
Housing in Valley Falls: homes for sale and rent
- Housing units
- 5,114
- Owner-occupied
- 67.8%
- Renter-occupied
- 32.2%
- Vacant
- 4.2%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.57
Valley Falls demographics
- Population
- 12,657
- Median age
- 41.7
- Under 18
- 25%
- 65 and older
- 16.6%
- Households
- 4,897
- Foreign-born
- 14.2%
- Veterans
- 3.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Valley Falls ›
Education in Valley Falls
29.1% of adults 25 and older in Valley Falls have a bachelor's degree or higher (Rhode Island: 37.7%), and 6.4% have a graduate or professional degree.
Jobs and commute in Valley Falls
- Unemployment rate
- 3.4%State: 5.8%
- Average commute
- 23 minState: 26 min
- Work from home
- 9.9%
- Drive alone
- 68.1%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 90%
Valley Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Valley Falls | 12,657 | $92,901 | $375,200 | $1,362 |
| Central Falls | 22,701 | $49,285 | $352,100 | $1,200 |
| Lincoln | 22,864 | $104,821 | $450,600 | $1,468 |
| Cumberland | 36,820 | $117,522 | $431,000 | $1,379 |
| Pawtucket | 75,893 | $68,310 | $325,500 | $1,208 |
| North Seekonk | 2,974 | $114,712 | $436,700 | $1,421 |
| North Attleborough Town | 30,984 | $112,665 | $482,200 | $1,509 |
| Attleboro | 46,762 | $98,954 | $448,100 | $1,590 |
| Cumberland Hill | 8,648 | $130,506 | $394,300 | $1,310 |
More for people moving to Valley Falls
Valley Falls ZIP code ›Weather and climate ›Living in Valley Falls: FAQ
What is the median household income in Valley Falls, RI?
The median household income in Valley Falls is $92,901, 6% higher than the Rhode Island median of $87,796 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Valley Falls?
The median home value in Valley Falls is $375,200, compared with $404,200 in Rhode Island.
How much is rent in Valley Falls?
The median gross rent in Valley Falls is $1,362 per month, about 26.6% of household income.
Is Valley Falls, RI a good place to live?
Pluses: median household income 6% higher than the Rhode Island median; home values 7% lower than the state median; an average commute of 23 minutes; unemployment of 3.4%; a poverty rate of 4.1%.
What is the median age in Valley Falls?
The median age in Valley Falls is 41.7 years (Rhode Island: 40.6).
How long is the commute in Valley Falls?
The average commute to work in Valley Falls is 23 minutes; 9.9% of workers work from home.
What is the unemployment rate in Valley Falls?
The unemployment rate in Valley Falls is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Valley Falls?
29.1% of adults in Valley Falls have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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