Quick facts: Saunderstown, RI

Quick Facts

113.8
Cost of Living
above US average
1,311
Population
3.05
Crime Rate per 1000
below US average
$90,625
Median Income
above US average
$1,275,000
Median House Price
above US average
$3616.67
Average Rent
above US average
3%
Poverty Rate
below US average
3.0%
Unemployment Rate
below 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 $90,625.

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Income Needed to Buy

βœ— Stretch
$400k/year
Based on $1,275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $400k vs median $90,625
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Income Needed to Rent

⚠ Stretch
$155k/year
Based on $3616.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $155k vs median $90,625
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Saunderstown, RI

Saunderstown is a charming village located in South Kingstown, Rhode Island. Nestled along the picturesque coastline of Narragansett Bay, its scenic beauty and rich history make it a delightful place to visit or live. The area is known for its historical sites, such as the iconic Gilbert Stuart Birthplace and Museum, dedicated to the famous portrait artist. Residents and visitors alike can take advantage of outdoor activities, including boating, fishing, and exploring nearby salt marshes and beaches. The proximity to Narragansett and the University of Rhode Island enriches the village with vibrant culture and community events. Saunderstown offers a mix of residential neighborhoods and rural landscapes, making it ideal for those seeking a quiet, family-friendly environment while still being close to the amenities of larger towns. The local community values preservation and enjoys the natural beauty of the area, with various parks and recreational spaces enhancing the lifestyle. Overall, Saunderstown is a picturesque and welcoming spot in Rhode Island’s coastal region.

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