Cost of Living in Coventry, RI
Housing
The housing market plays a significant role in determining the cost of living in Coventry, RI.
- Housing Index: 110.0 / 100
- Median Home Price is: $337,500
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
Analyzing the housing data for Coventry, RI reveals a housing index of 110.0, suggesting it’s more expensive to live here compared to national averages. The median home price stands at 337500, reflecting a competitive market. Average rents are significant as well, with a 2-bedroom apartment at 1800 and a 2-bedroom house averaging 1920. It's crucial to note that the area's growth rate and job opportunities can also impact long-term housing decisions. Consider all factors carefully before making your move!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Coventry, 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.): $250 per month
Living in Coventry, 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 $250 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 Coventry is a financially viable option for your relocation.