Cost of Living in Adamsville, RI
Housing
The housing market plays a significant role in determining the cost of living in Adamsville, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $345,000
- Average Rent (2 BR Apartment): $2097 per month
- Average Rent (2 BR House): $2279 per month
When considering a move to Adamsville, RI, it's essential to analyze the current housing market trends. With a median home price of 345000, you're looking at a potential investment opportunity, especially if local economic factors are supportive. However, the data suggests that both the housing index and average rents for 2-bedroom apartments and houses are currently zero, which may indicate either a lack of availability or unprecedented market disruptions. It's advisable to investigate the local economy, job market stability, and future development plans to understand the housing dynamics better before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Adamsville, 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.): $262 per month
Living in Adamsville, 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 $262 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 Adamsville is a financially viable option for your relocation.