Cost of Living in Wood river junction, RI
Housing
The housing market plays a significant role in determining the cost of living in Wood river junction, RI.
- Housing Index: 121.5 / 100
- Median Home Price is: $345,000
- Average Rent (2 BR Apartment): $2097 per month
- Average Rent (2 BR House): $2279 per month
The data indicates that in Wood river junction, RI, the median home price stands at 345000. However, the housing index is noted as 121.5, suggesting a lack of available data on rental prices. It's vital to note that without the average rent for a 2BR apartment or house, evaluating the rental market is challenging. Generally, a lower housing index can indicate affordability, but this could also hint at limited options or market stagnation. Consider factors such as job opportunities, amenities, and community in your decision-making process for moving.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wood river junction, 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 Wood river junction, 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 Wood river junction is a financially viable option for your relocation.