Cost of Living in Pascoag, RI
Housing
The housing market plays a significant role in determining the cost of living in Pascoag, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $312,000
- Average Rent (2 BR Apartment): $2097 per month
- Average Rent (2 BR House): $2279 per month
Based on the data for Pascoag, RI, the housing index is currently at 121.5, indicating a potentially stagnant or unusual market trend. The median home price is situated at 312000, which could be a good entry point for buyers, especially given the low average rental prices of 2097 for apartments and 2279 for houses. However, with zero average rents listed, this suggests additional market challenges. It’s essential to investigate the local economy, employment opportunities, and community growth to fully understand the viability of relocating to this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pascoag, 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 Pascoag, 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 Pascoag is a financially viable option for your relocation.