Cost of Living in Hope valley, RI
Housing
The housing market plays a significant role in determining the cost of living in Hope valley, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $374,000
- Average Rent (2 BR Apartment): $2097 per month
- Average Rent (2 BR House): $2279 per month
When considering a move to Hope valley, RI, it’s essential to analyze the housing market comprehensively. With a median home price of 374000, potential buyers may find this market relatively stable, particularly given the lack of data for the housing index and rents. Zero average rents for both 2BR apartments and houses suggest either a unique economic situation or the necessity for further research into local listings. Keep in mind that historical trends and job opportunities in the region can affect these figures. A more in-depth investigation is advisable before making any commitments.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hope valley, 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 Hope valley, 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 Hope valley is a financially viable option for your relocation.