Cost of Living in Lincoln, RI
Housing
The housing market plays a significant role in determining the cost of living in Lincoln, RI.
- Housing Index: Data is updating
- Median Home Price is: $415,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the housing data for Lincoln, RI, we observe a median home price of 415000, which indicates a relatively high market value, particularly in comparison to many other U.S. cities. However, the housing index is currently at 0.0, suggesting potential instability or an unresponsive market without rented units available. Without rental rates reported for both 2-bedroom apartments and houses, it's unclear how accessible living is for renters. Potential movers should consider their financial situation and whether purchasing or renting would be a sustainable option in this environment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lincoln, RI.
- Electricity Price: $27.03 USD (median by state)
- Natural Gas Price: $21.52 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Lincoln, RI could entail higher utility costs. Electricity costs sit at $27.03, while natural gas is priced at $21.52 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lincoln is a financially viable option for your relocation.