Cost of Living in Cranston, RI
Housing
The housing market plays a significant role in determining the cost of living in Cranston, RI.
- Housing Index: 115.5 / 100
- Median Home Price is: $368,600
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
Considering a move to Cranston, RI? The housing index of 115.5 indicates that the cost of living is relatively higher than the national average, suggesting potential challenges for budget-conscious renters and buyers. Currently, the median home price stands at 368600, which reflects a competitive market. Moreover, the average rent for a 2-bedroom apartment is 1800 and for a 2-bedroom house is 1840. As affordability becomes pivotal, it's wise to explore neighborhoods with a lower cost of living that still offer good amenities and thriving communities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cranston, 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.): $275 per month
Living in Cranston, 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 $275 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 Cranston is a financially viable option for your relocation.