salaryRent is lower than in 59% of U.S. cities. A typical house costs about 3.7 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $58,960 a year. That is $28 an hour at a full-time job.
Is rent cheaper than other Rhode Island cities?
Yes. Rent here is cheaper than in most of Rhode Island. It is number 4 of 15 cities from cheapest to most expensive.
How much do households earn in Valley Falls?
Share of households by yearly income. 34.0% of households earn $100,000 or more.
Rent by apartment size in Valley Falls
| Size | Valley Falls | U.S. average |
|---|---|---|
| 1 bedroom | $1,015 | $1,324 |
| 2 bedrooms | $1,593 | $1,509 |
| 3 bedrooms | $1,727 | $1,698 |
| 4 bedrooms | $1,317 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Valley Falls overall?
Everyday prices in Rhode Island overall are 2% above the U.S. average (index 102.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Valley Falls, so the Rhode Island figure is shown.
Taxes and bills in Valley Falls
Life in Valley Falls
Is it cheaper to rent or buy in Valley Falls?
Renting is cheaper right now: about $1,129 a month less.
Owning assumes a typical $375,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,520 for the down payment.
Frequently asked questions
What is the average rent in Valley Falls, RI?
Renting in Valley Falls costs a median of about $1,474 a month in 2026, including utilities. The Rhode Island median is $1,704.
How much do I need to make to live in Valley Falls?
To keep rent under 30% of income, you need about $58,960 a year, or $28 an hour at a full-time job.
Is Valley Falls cheap or expensive?
Valley Falls is rated Cheap: rent takes 17.7% of the typical household income of $100,194. It ranks 4th cheapest of 15 Rhode Island cities we track.
How much are property taxes in Valley Falls?
The median homeowner in Valley Falls pays $4,397 a year in property taxes, about 1.17% of the median home value.
Is Valley Falls more expensive than the national average?
Overall prices in Rhode Island are 2% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Valley Falls?
The median home value in Valley Falls is $375,200, about 3.7 times the typical yearly household income.
12,657 people live in Valley Falls. Numbers are typical (middle) values.