Housing costs in Chepachet?
A typical home costs
$284,300, which is 15.9% less expensive than the national average of
$338,100 and 29.1% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Chepachet costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 5.3% more than the state average of
$1,430.
Can I afford Chepachet?
To live comfortably in Chepachet, Rhode Island, a minimum annual income of
$54,360 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Chepachet?
Chepachet, RI is known for its affordable cost of living. The average home in Chepachet is less than $200,000, making it one of the more affordable options in Rhode Island. The median monthly rent in Chepachet is also much lower than other Rhode Island towns, at just $1,400. This makes it an attractive option for those looking to buy or rent a home at an affordable price. In addition to the low housing costs, Chepachet boasts a comparatively low cost of living overall. Groceries and everyday items generally run the same as they do elsewhere in Rhode Island, while utilities are typically 10-15% cheaper than other cities and towns in the region.