Housing costs in New Shoreham?
A typical home costs
$1,454,100, which is 330.1% more expensive than the national average of
$338,100 and 262.4% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in New Shoreham costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 19.2% cheaper than the state average of
$1,430.
Can I afford New Shoreham?
To live comfortably in New Shoreham, Rhode Island, a minimum annual income of
$278,640 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about New Shoreham?
The cost of living in New Shoreham, RI is slightly higher than the national average. The median household income in New Shoreham is around $64,000, which is about $7,000 higher than the national median income. Housing costs are also slightly higher than the national average, with a median home value of around $425,000. In addition to this, groceries and other basic necessities tend to be more expensive when compared to other parts of the US. However, the cost of living in New Shoreham still offers a great value for those looking for an idyllic island lifestyle in a beautiful coastal town.