Cost of Living in West warwick, RI
Housing
The housing market plays a significant role in determining the cost of living in West warwick, RI.
- Housing Index: 120.0 / 100
- Median Home Price is: $250000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1856 per month
When considering a move to West warwick, RI, it's important to note that the housing index stands at 120.0, indicating a higher cost of living compared to national averages. The median home price of 250000 could be a solid investment, particularly if market trends remain favorable. Rental prices for a 2-bedroom apartment average around 1800, while a 2-bedroom house fetches about 1856. With these numbers in mind, potential residents should weigh financial readiness and long-term lifestyle goals carefully to ensure a comfortable transition.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in West warwick, 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 West warwick, 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 West warwick is a financially viable option for your relocation.