Woonsocket is a city in Rhode Island state in USA with a population of 41616 residents.. The poverty rate of Woonsocket is 21%, which is 50% higher than national average. The typical household in Woonsocket earns $44310 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 11 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 54.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Woonsocket, only 82% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Woonsocket remained 8%, which is 70% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Woonsocket, only 18% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Woonsocket is 108, which is 8% higher than national average. Median home value in Woonsocket is $191500 , which is 17% lower than national average. While median income in Woonsocket remained $44310, which is 34% lower than national average.