Cost of Living in Chepachet, RI
Housing
The housing market plays a significant role in determining the cost of living in Chepachet, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $303,000
- Average Rent (2 BR Apartment): $2097 per month
- Average Rent (2 BR House): $2279 per month
Considering a move to Chepachet, RI? With a median home price of 303000, this location presents a favorable option for homebuyers. Although the data indicates a housing index of 121.5, which might raise concerns about market dynamics, it’s crucial to factor in local amenities, job markets, and future growth. The absence of rental data—2097 for apartments and 2279 for houses—might indicate a primarily ownership-driven market or a transitional phase. Always consult local resources 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 Chepachet, 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 Chepachet, 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 Chepachet is a financially viable option for your relocation.