Cost of Living in Forestdale, RI
Housing
The housing market plays a significant role in determining the cost of living in Forestdale, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $295,000
- Average Rent (2 BR Apartment): $2097 per month
- Average Rent (2 BR House): $2279 per month
Considering a move to Forestdale, RI? With a median home price of 295000, the real estate market might offer opportunities for both investors and first-time homebuyers alike. However, it's concerning that the housing index is at 121.5, indicating potential instability or limited availability. Furthermore, the absence of average rent data for a 2-bedroom apartment and house suggests an obscure rental market. To make an informed decision, it's crucial to explore the local economy, amenities, and community. Overall, Forestdale could accommodate long-term growth if these challenges are addressed effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Forestdale, 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 Forestdale, 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 Forestdale is a financially viable option for your relocation.