Cost of Living in Carolina, RI
Housing
The housing market plays a significant role in determining the cost of living in Carolina, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $320,000
- Average Rent (2 BR Apartment): $2097 per month
- Average Rent (2 BR House): $2279 per month
Considering moving to Carolina, RI? With a median home price of 320000, the affordability may seem attractive, especially in contrast to national averages. However, the housing index suggests limited rental activity or a highly competitive market, as reflected in the zero values for average rent on both 2-bedroom apartments and houses. It's essential to evaluate job opportunities and lifestyle factors alongside housing. Factoring in these dynamics can paint a fuller picture of living conditions and requires careful consideration before making any commitments on your future home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Carolina, 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 Carolina, 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 Carolina is a financially viable option for your relocation.