Valley Falls, RI
Population 12,370 · Rhode Island
About Valley Falls, RI
Valley Falls is a mid-sized city in Rhode Island with a population of 12,370 residents. The median household income is $93,653 per year, which is above the national average. The median age in Valley Falls is 42.8 years.
Housing in Valley Falls has a median home value of $347,900 and median monthly rent of $1,160. Of the 5,078 total housing units, the majority are owner-occupied, with 3,319 owner-occupied and 1,534 renter-occupied units.
The unemployment rate in Valley Falls is 3.1% and the poverty rate is 4.9%. 27.6% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
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.
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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 Census data.
What is the median household income in Valley Falls?
The median household income in Valley Falls, RI is $93,653 per year.
What is the median home value in Valley Falls?
The median home value in Valley Falls, RI is $347,900.
What is the average rent in Valley Falls?
The median monthly rent in Valley Falls, RI is $1,160.
What is the unemployment rate in Valley Falls?
The unemployment rate in Valley Falls, RI is 3.1%.