Housing costs in Cumberland Hill?
A typical home costs
$345,400, which is 2.2% more expensive than the national average of
$338,100 and 13.9% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Cumberland Hill 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 Hill?
To live comfortably in Cumberland Hill, Rhode Island, a minimum annual income of
$66,240 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Cumberland Hill?
The cost of living in Cumberland Hill, RI is relatively affordable compared to other cities in the region. The median home price is $240,000 which is considerably lower than the national average. Property taxes are also quite reasonable at a rate of $6.19 per $1,000 of assessed value. Additionally, the unemployment rate is low and wages tend to be competitive, meaning that there are plenty of good job opportunities for those seeking work in the area. All these factors combined make Cumberland Hill an ideal place to settle down as it possesses a high quality of life without breaking the bank.