Housing costs in Lincoln?
A typical home costs
$454,700, which is 34.5% more expensive than the national average of
$338,100 and 13.3% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Lincoln costs
$1,670 per month, which is 16.8% more than the national average of
$1,430 and 14.4% more than the state average of
$1,430.
Can I afford Lincoln?
To live comfortably in Lincoln, Rhode Island, a minimum annual income of
$87,120 for a family, and
$55,600 for a single person is recommended.
What does A.I. say about Lincoln?
The cost of living in Lincoln, RI is relatively affordable compared to the rest of the state. The median home value is around $250,000, which is lower than both the Rhode Island and national median home values. Additionally, the median household income in Lincoln is about $58,000 which is higher than the Rhode Island average but lower than the national average. Additionally, utilities in Lincoln are below both the Rhode Island and national averages, making it an attractive option for budget conscious shoppers. Overall, with its lower cost of living and reasonable access to amenities, Lincoln makes for an excellent place to call home.