Housing costs in Albion?
A typical home costs
$295,600, which is 12.6% less expensive than the national average of
$338,100 and 26.3% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Albion costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 24.3% cheaper than the state average of
$1,430.
Can I afford Albion?
To live comfortably in Albion (zip 02802), Rhode Island, a minimum annual income of
$56,520 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Albion?
Living in 02802 Albion, RI is relatively affordable compared to the rest of the United States. According to Sperling's Best Places, the cost of living index for this area is 84. At this level, the cost of living is 16% lower than the U.S. average. Housing costs are especially low, with a median home value of approximately $174,000 and an average rent of just over $1,000 per month. Groceries, utilities and transportation also remain relatively inexpensive when compared to other parts of the country. Overall, 02802 Albion offers a high quality of life at an affordable price point for its residents.