Housing costs in Cumberland?
A typical home costs
$437,800, which is 29.5% more expensive than the national average of
$338,100 and 9.1% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Cumberland costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 2.9% cheaper than the state average of
$1,430.
Can I afford Cumberland?
To live comfortably in Cumberland, Rhode Island, a minimum annual income of
$83,880 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Cumberland?
Cumberland, RI is an excellent place for those looking to save on costs. The cost of living in this small town is very affordable, with the median home price being just over $200,000 and the overall cost of living significantly lower than many other cities in the area. While gas prices may be a bit higher than some neighboring towns, it is still reasonable and falls below the national average. Additionally, property taxes are relatively low as well. Furthermore, Cumberland has a variety of great restaurants, stores and activities that offer competitive pricing. All-in-all, Cumberland offers an excellent quality of life at an affordable cost.