Cost of Living in Riverside, RI
Housing
The housing market plays a significant role in determining the cost of living in Riverside, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $281,000
- Average Rent (2 BR Apartment): $1982 per month
- Average Rent (2 BR House): $2154 per month
Understanding the housing landscape in Riverside, RI, begins with an attractive median home price of 281000. However, it's notable that the housing index is currently at 121.5, suggesting a lack of metrics available to analyze the dynamics of the market. Additionally, average rents for a 2-bedroom apartment and house are both at 1982 and 2154, indicating potential affordability opportunities or stagnation. Before making a decision, consider local job markets and amenities that could impact long-term investments in your future home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Riverside, 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 Riverside, 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 Riverside is a financially viable option for your relocation.