Cost of Living in Westerly, RI
Housing
The housing market plays a significant role in determining the cost of living in Westerly, RI.
- Housing Index: 120.0 / 100
- Median Home Price is: $435,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
Considering a move to Westerly, RI? With a housing index of 120.0, it's important to note that the prices may be above the national average. The median home price stands at 435000, suggesting a potential stress on your budget if purchasing a home. For renters, the average cost for a 2-bedroom apartment is 1800 and for a 2-bedroom house, it's 1840. Weigh these expenses against local job market conditions, amenities, and lifestyle to make an informed decision about your next home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Westerly, 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 Westerly, 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 Westerly is a financially viable option for your relocation.