Quick facts: Wyoming, RI

Quick Facts

113.8
Cost of Living
above US average
318
Population
Crime rate Data is updating, will be available soon
$92,434
Median Income
above US average
$1,100,000
Median House Price
above US average
$2097
Average Rent
above US average
Poverty rate Data is updating, will be available soon
1.5%
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 $92,434.

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Income Needed to Buy

βœ— Stretch
$345k/year
Based on $1,100,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $345k vs median $92,434
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Income Needed to Rent

βœ“ Affordable
$90k/year
Based on $2097/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($92,434) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wyoming, RI

Wyoming is a small, charming village located in the state of Rhode Island, situated within the town of West Warwick. Nestled in Kent County, it offers a quaint, suburban atmosphere with easy access to larger urban areas. The village is known for its predominantly residential character, featuring a mix of single-family homes and a tight-knit community feel. Wyoming is conveniently located near the Interstate 95 corridor, making it easily accessible for commuting to nearby cities like Providence, which is approximately 20 miles northeast. This proximity allows residents to enjoy the tranquility of small-town living while benefiting from the amenities of larger urban settings. The area is characterized by picturesque landscapes, with local parks and recreational spaces that provide residents and visitors alike with opportunities for outdoor activities. Additionally, Wyoming has a rich historical background, with several buildings and sites showcasing its past. Overall, Wyoming, RI, is an ideal location for those seeking a peaceful lifestyle in close proximity to urban conveniences, making it a hidden gem in Rhode Island.

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