Cost of Living in Harmony, RI
Housing
The housing market plays a significant role in determining the cost of living in Harmony, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $315,000
- Average Rent (2 BR Apartment): $2097 per month
- Average Rent (2 BR House): $2279 per month
Considering a move to Harmony, RI? With a median home price of 315000, this area presents an inviting opportunity for homebuyers. While the provided housing index currently stands at 121.5, it's worth noting that attractive amenities and future growth potential could enhance your investment. Keep in mind, while average rents for 2BR apartments and houses are not defined, they can significantly impact your decision if you’re considering rentals. Analyzing the overall living costs here in relation to local job market conditions can help facilitate a better-informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Harmony, 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 Harmony, 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 Harmony is a financially viable option for your relocation.