The Young Professional's Guide: With a median age of 35.6, Woonsocket is a hotspot for those looking to build a career in Rhode Island. The city supports a population of 43044 and maintains a median income of $48,822.00. If you aren't ready to commit to a $208,400.00 home purchase, the rental market—averaging $974.00—offers plenty of opportunities to find a room and a compatible housemate.