salaryRent is higher than in 50% of U.S. cities. A typical house costs about 4.7 years of household income. Most households rent (63%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $66,200 a year. That is $32 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 7 of 15 cities from cheapest to most expensive.
How much do households earn in Woonsocket?
Share of households by yearly income. 16.8% of households earn $100,000 or more.
Rent by apartment size in Woonsocket
| Size | Woonsocket | U.S. average |
|---|---|---|
| Studio | $807 | $1,338 |
| 1 bedroom | $856 | $1,324 |
| 2 bedrooms | $1,397 | $1,509 |
| 3 bedrooms | $1,486 | $1,698 |
| 4 bedrooms | $2,121 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Woonsocket 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 Woonsocket, so the Rhode Island figure is shown.
Taxes and bills in Woonsocket
Life in Woonsocket
Is it cheaper to rent or buy in Woonsocket?
Renting is cheaper right now: about $503 a month less.
Owning assumes a typical $311,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,100 for the down payment.
Frequently asked questions
What is the average rent in Woonsocket, RI?
Renting in Woonsocket costs a median of about $1,655 a month in 2026, including utilities. The Rhode Island median is $1,704.
How much do I need to make to live in Woonsocket?
To keep rent under 30% of income, you need about $66,200 a year, or $32 an hour at a full-time job.
Is Woonsocket cheap or expensive?
Woonsocket is rated Expensive: rent takes 30.2% of the typical household income of $65,852. It ranks 7th cheapest of 15 Rhode Island cities we track.
How much are property taxes in Woonsocket?
The median homeowner in Woonsocket pays $3,960 a year in property taxes, about 1.27% of the median home value.
Is Woonsocket 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 Woonsocket?
The median home value in Woonsocket is $311,000, about 4.7 times the typical yearly household income.
43,521 people live in Woonsocket. Numbers are typical (middle) values.