Melville, RI Cost of Living


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Melville cost of living score
130.3
More expensive
30.3% higher
than the US average
15.8% higher
than the Rhode Island average
Melville, Rhode Island gets a BestPlaces Cost of Living score of 130.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 30.3% higher than the U.S. average and 15.8% lower than the average for Rhode Island.

Melville, RI

Housing costs in Melville?
A typical home costs $690,800, which is 104.3% more expensive than the national average of $338,100 and 72.2% more expensive than the average Rhode Island home, at $401,200. Renting a two-bedroom unit in Melville costs $2,080 per month, which is 45.5% more than the national average of $1,430 and 31.3% more than the state average of $1,430.

Can I afford Melville?
To live comfortably in Melville, Rhode Island, a minimum annual income of $132,480 for a family, and $66,400 for a single person is recommended.

What does A.I. say about Melville?
The cost of living in Melville, RI is quite affordable compared to the rest of the state. The median home price in Melville is around $174,000, which is significantly lower than the Rhode Island median home price of $258,800. Additionally, residents of Melville enjoy a low average monthly utility bill that hovers around $148 and grocery prices are also relatively low. Furthermore, residents can expect to benefit from reduced taxes thanks to the city's tax rate being one of the lowest in Rhode Island at just 0.52 percent. All these factors make for an excellent opportunity for those looking for a place with an affordable cost of living.
   Cost of living score
     CategoriesMelvilleRhode IslandUnited States
  130.3112.5100.0
  108.1106.5100
  87.685.5100.0
  120.4128.8100.0
  $690,800$401,200$338,100
  114.0%115.9%100.0%
  96.6106.1100.0
  138.2113.2100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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