Central Falls has the 1573rd largest population in the United States. The population shrank by 0.4% from 2010 to 2015, which was slower than the national average. Central Falls is part of the Providence metro area. Unemployment in the Providence area is 5%, which is higher than the national average, and is getting better. Providence has the 41st largest local economy in the US, and a low cost of living. The average pay for jobs in Central Falls is below average at $49,890, and the median cost of a home in Central Falls is $160,500, which is below the national average. 8% of workers in Central Falls hold a bachelors degree or higher (above average), and 53% of workers have a high school degree (above average). Driving to work is especially common in Central Falls. 76% of Central Falls workers drive to work alone, 4% take public transit, 9% carpool, and 9% walk. People in Central Falls spend an average of 26 minutes commuting to work, which is shorter than the national average of 26 minutes.