Housing costs in Westerly?
A typical home costs
$480,600, which is 42.1% more expensive than the national average of
$338,100 and 19.8% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Westerly costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 7.1% more than the state average of
$1,430.
Can I afford Westerly?
To live comfortably in Westerly, Rhode Island, a minimum annual income of
$92,160 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Westerly?
Westerly, RI offers an affordable cost of living in comparison to many other cities and towns in the region. The median home value is around $290,000 which is relatively low compared to nearby towns like Mystic, CT and Newport, RI. Renters also enjoy the lower costs as the average rental price for a two-bedroom apartment is around $1,200 per month. Additionally, groceries and utilities are cheaper than in most cities in the Northeast. All of these factors make Westerly an attractive place for those looking for a more affordable cost of living than many other cities or towns in the area.