Cost of Living in Slatersville, RI
Housing
The housing market plays a significant role in determining the cost of living in Slatersville, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $325,000
- Average Rent (2 BR Apartment): $2117 per month
- Average Rent (2 BR House): $2301 per month
Considering a move to Slatersville, RI? The area currently holds a median home price of 325000, suggesting a real estate market that may appeal to first-time homebuyers or investors looking for value. However, the housing index indicates an absence of available rental options, with average rents for a 2-bedroom apartment and house both at 0. While this may seem concerning, it may point to a tight housing market where purchases outweigh rentals, creating potential growth in home values if demand remains strong. Always evaluate local employment opportunities, schools, and amenities when making your decision to move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Slatersville, 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 Slatersville, 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 Slatersville is a financially viable option for your relocation.