Valley Falls, RI
Population 12,370 · Rhode Island
About Valley Falls, RI
Valley Falls is a mid-sized city located in Rhode Island with a population of 12,370 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,653 per year, which is 25% above the national median of $75,149. The median age of 42.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Valley Falls features a median home value of $347,900, which is 42% above the national median of $244,900. This positions Valley Falls in a moderately priced market relative to the rest of the country. Median monthly rent is $1,160, 0% below the national average of $1,163/month. Of the 5,078 total housing units, 68% are owner-occupied (3,319 units) and 32% are renter-occupied (1,534 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Valley Falls shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Valley Falls have an average one-way commute time of 25.2 minutes.
Education & Demographics
27.6% of Valley Falls residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.1% Hispanic or Latino, 2.5% Black or African American, and 5.7% Asian residents, with 15.5% of the population being foreign-born.
How Valley Falls Ranks in Rhode Island
Cost of Living in Valley Falls, RI
Compared to national averages, Valley Falls has a median household income of $93,653 (25% above the national median of $75,149). Home values average $347,900, which is 42% above the national median. Monthly rent at $1,160 is 0% below the US average of $1,163. Within Rhode Island, Valley Falls's income is 1% above the state average of $92,962, and home values are 26% below the state median of $469,914.
Why Live in Valley Falls, RI?
Valley Falls offers a strong local economy with a median household income of $93,653, well above the national average, and rent that’s lower than the national average at $1,160/month, and a strong job market with an unemployment rate of just 3.1%. Additionally, the city features a low poverty rate of 4.9%, better than the national average.
Valley Falls has a population of 12,370 with a median age of 42.8 years. Compare Valley Falls with other cities to see how it stacks up, or explore all cities in Rhode Island.
Similar Cities Near Valley Falls
Cities in Rhode Island with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newport East | 11,262 | $86,310 | $479,200 | Compare |
| Wakefield-Peace Dale | 9,812 | $111,200 | $464,400 | Compare |
| Cumberland Hill | 8,638 | $131,006 | $362,700 | Compare |
| Greenville | 8,586 | $94,567 | $390,900 | Compare |
| Tiverton | 8,151 | $91,493 | $357,700 | Compare |
| Kingston | 6,953 | $82,143 | $493,500 | Compare |
| Westerly | 18,528 | $82,333 | $400,200 | Compare |
| Pascoag | 4,081 | $101,359 | $335,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Rhode Island
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Valley Falls With Other Cities
Frequently Asked Questions about Valley Falls
What is the population of Valley Falls, RI?
The population of Valley Falls, RI is 12,370 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Rhode Island.
What is the median household income in Valley Falls?
The median household income in Valley Falls, RI is $93,653 per year, which is 25% above the national median of $75,149.
What is the median home value in Valley Falls?
The median home value in Valley Falls, RI is $347,900, which is 42% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Valley Falls?
The median monthly rent in Valley Falls, RI is $1,160, which is 0% below the national average of $1,163/month.
What is the unemployment rate in Valley Falls?
The unemployment rate in Valley Falls, RI is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Valley Falls, RI a good place to live?
Valley Falls offers above-average incomes, a competitive housing market, and a strong job market. With a population of 12,370 and a median age of 42.8, the city appeals to a broad range of residents.
How educated is Valley Falls, RI?
27.6% of residents in Valley Falls aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Valley Falls?
Key cost-of-living indicators for Valley Falls, RI: median home value is $347,900 (42% above national), median rent is $1,160/month, and median household income is $93,653. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Valley Falls?
The poverty rate in Valley Falls, RI is 4.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Valley Falls, RI?
Valley Falls's population is 0.0% White, 0.1% Hispanic or Latino, 2.5% Black or African American, 5.7% Asian, and 5.2% two or more races. 15.5% of residents are foreign-born.