Quick facts: Pascoag, RI

Quick Facts

113.8
Cost of Living
above US average
4,527
Population
4.42
Crime Rate per 1000
below US average
$97,064
Median Income
above US average
$479,900
Median House Price
above US average
$1825.0
Average Rent
above US average
14%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $97,064.

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Income Needed to Buy

βœ— Stretch
$151k/year
Based on $479,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $151k vs median $97,064
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Income Needed to Rent

βœ“ Affordable
$78k/year
Based on $1825.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($97,064) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pascoag, RI

Pascoag is a quaint village located within the town of Burrillville in Providence County, Rhode Island. Nestled in the northern part of the state, it is known for its picturesque landscapes and tight-knit community atmosphere. The village is surrounded by natural beauty, including the scenic Pascoag Reservoir and several parks, making it a great spot for outdoor activities like hiking, fishing, and kayaking. Pascoag has a rich history, with its roots tracing back to the early 18th century. The area’s charm is reflected in its historic architecture and welcoming neighborhoods. The local community is active, offering various events throughout the year that encourage community engagement and celebration of local culture. While it may be small in size, Pascoag provides essential amenities such as small businesses, local shops, and family-owned restaurants, contributing to its unique character. The village offers a peaceful living environment, making it an appealing choice for families and those seeking a quieter lifestyle while remaining relatively close to urban centers like Providence, which is just a short drive away.

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