๐Ÿ’ฐ COL Index: 101 โ€” Near Avg Cost

Salaries in Central Falls, RI

What every job actually pays โ€” cost-of-living adjusted

Updated: February 2026 ยท 27 occupations ยท BLS + Census data

Avg. Salary
$57,160
across 27 roles
COL-Adjusted Avg
$56,650
real purchasing power
Top Paying Role
Software Developer
$127,603
1BR Rent
$1,362
median monthly

Hereโ€™s a surprising truth about Central Falls: for a city of just 22,481 people, itโ€™s got an unemployment rate of 3.8%โ€”lower than the national average. Youโ€™d expect a place this small to be struggling, but the job market is tighter than you think.

But letโ€™s talk real money. The cityโ€™s cost of living sits at 100.9, just a hair above the U.S. average. That might sound like a wash, but it matters when your median household income is only $45,921. A one-bedroom apartment runs you $1,362 a month. Itโ€™s not the Bay Area, but itโ€™s not cheap, either. Youโ€™re not getting a bargain here; youโ€™re paying a slight premium on a modest income. The COL-adjusted average salary of $56,650 feels a bit squeezed when rent eats up nearly a third of that.

So whoโ€™s actually making a go of it? The top earners are a familiar mix: software developers ($127k), accountants, and registered nurses (both around $86k). Itโ€™s a classic blue-collar-meets-white-collar economy. Youโ€™ve got manufacturing and healthcare anchoring thingsโ€”Centredale Manor Restoration Project and the local school system are big employersโ€”but the real money is in roles you can do remotely or for a regional firm. I was a bit surprised to see software developers at the very top; you donโ€™t typically associate a dense, old mill city with tech salaries, but here we are.

Hereโ€™s the honest catch: wages for most people (think teachers, electricians) are just above $60k. That sounds okay until you do the math on rent and groceries. The city works well if youโ€™re in one of those top five professions or you own a home already. For everyone else, itโ€™s a tightrope walk.

The data below breaks it all downโ€”the good, the bad, and the just-getting-by.

๐Ÿ† Top 5 Highest-Paying Jobs in Central Falls

Ranked by raw salary. See COL-adjusted figures in the full table below.

๐Ÿฅ‡ +0% vs national

Software Developer

$127,603
๐Ÿ’ก COL-Adjusted $126,465
โฑ Hourly $61.35/hr
๐Ÿ“ˆ Job Growth +17.0%
๐Ÿฅˆ +0% vs national

Accountant

$86,312
๐Ÿ’ก COL-Adjusted $85,542
โฑ Hourly $41.50/hr
๐Ÿ“ˆ Job Growth +3.0%
๐Ÿฅ‰ +0% vs national

Registered Nurse

$86,302
๐Ÿ’ก COL-Adjusted $85,532
โฑ Hourly $41.49/hr
๐Ÿ“ˆ Job Growth +6.0%
4๏ธโƒฃ +0% vs national

Elementary School Teacher

$63,841
๐Ÿ’ก COL-Adjusted $63,272
โฑ Hourly $30.69/hr
๐Ÿ“ˆ Job Growth +3.0%
5๏ธโƒฃ +0% vs national

Electrician

$61,716
๐Ÿ’ก COL-Adjusted $61,166
โฑ Hourly $29.67/hr
๐Ÿ“ˆ Job Growth +3.0%

๐Ÿ“‹ Complete Salary Guide โ€” All 27 Occupations in Central Falls

COL-Adjusted Salary = Raw salary divided by the cost of living index (101/100). Higher = more real purchasing power. This city's COL is above the US average.

# Occupation โ†• Raw Salary โ†•
1 Software Developer $127,603
2 Accountant $86,312
3 Registered Nurse $86,302
4 Elementary School Teacher $63,841
5 Electrician $61,716
6 Real Estate Agent $61,645
7 Heavy Truck Driver $53,233
8 Paralegal $50,134
9 Nursing Assistant (CNA) $50,134
10 Welder $50,134
11 HVAC Technician $50,134
12 Project Manager $50,134
13 Graphic Designer $50,134
14 Data Analyst $50,134
15 Plumber $50,134
16 Human Resources Specialist $50,134
17 Carpenter $50,134
18 Physical Therapist $50,134
19 Financial Analyst $50,134
20 Pharmacist $50,134
21 Police Officer $50,134
22 Firefighter $50,134
23 Construction Manager $50,134
24 Dental Hygienist $50,134
25 Web Developer $50,134
26 Marketing Manager $50,134
27 Medical Assistant $50,134

Source: Bureau of Labor Statistics Occupational Employment Statistics. COL Index from C2ER/ACCRA.

๐Ÿ™๏ธ Living Costs in Central Falls

๐Ÿ 
1BR Rent
$1,362/mo
๐Ÿก
2BR Rent
$1,702/mo
๐Ÿ˜๏ธ
Median Home
$410,000
๐Ÿ“‰
Unemployment
3.8%
๐Ÿ’ณ
Median Income
$45,921
๐ŸŽ“
College Educated
12%
๐Ÿšถ
Walk Score
35/100
๐Ÿ“Š
Cost of Living
101
Near Avg Cost

๐Ÿงฎ Can You Afford to Live in Central Falls?

Use our Salary Reality Check to see if your specific income covers housing, taxes, and expenses in Central Falls. Enter your salary and see exactly how far your money goes.

โ“ Central Falls Salary FAQ

What is the average salary in Central Falls, RI?

โ–ผ
The average salary across 40 occupations in Central Falls is $57,160. This figure is 24.6% higher than the median household income of $45,921, indicating a significant earnings gap between average workers and the broader population.

What jobs pay the most in Central Falls?

โ–ผ
The highest paying role in Central Falls is Software Developer at $127,603. This salary is 2.2 times the average wage across all 40 occupations, highlighting a strong premium for tech skills in the local market.

Is Central Falls affordable on a Software Developer salary?

โ–ผ
Yes, a Software Developer salary of $127,603 is highly affordable in Central Falls. With a 1BR rent of $1,362/month, housing costs would consume only about 12.8% of gross income, well below the standard 30% affordability threshold.

How does Central Falls's cost of living affect my paycheck?

โ–ผ
Central Falls has a cost of living index of 100.9, slightly above the national average. This means your paycheck has about 0.9% less purchasing power than in an average U.S. location, primarily due to housing costs.

What salary do you need to live comfortably in Central Falls?

โ–ผ
To live comfortably in Central Falls, you'd need a salary that keeps housing under 30% of income. With 1BR rent at $1,362/month, a comfortable salary would be approximately $54,480 annually, which is 18.7% higher than the city's median household income.

๐Ÿ“ Editor's Verdict: Is Central Falls Worth It?

Hereโ€™s my honest verdict: Central Falls isnโ€™t a goldmine, but itโ€™s not a trap either. With a $57,160 average salary and a cost of living just above the national average (100.9), youโ€™re looking at a tight but manageable squeezeโ€”especially if youโ€™re renting at $1,362 a month.

The clear winner here? Tech workers. Software developers earn $127,603, and even after adjusting for COL, theyโ€™re taking home $126,465. Thatโ€™s real power. Healthcare and trades can do fine, but you wonโ€™t see that kind of financial lift.

If youโ€™re considering the move for work, do this: get the job locked in before you relocate. Salaries here donโ€™t always stretch as far as youโ€™d hope, and having that offer in hand is your best safety net.

Explore Central Falls Further