Housing costs in Block Island?
A typical home costs
$1,429,600, which is 322.8% more expensive than the national average of
$338,100 and 256.3% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Block Island costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 12.6% cheaper than the state average of
$1,430.
Can I afford Block Island?
To live comfortably in Block Island (zip 02807), Rhode Island, a minimum annual income of
$273,960 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Block Island?
The cost of living in 02807 Block Island, RI is quite high compared to other places in the country. It has one of the highest median home prices in the nation, coming in at over $1 million. Additionally, goods and services such as groceries, transportation, housing costs, and healthcare are all more expensive than average as well. This is due to the island’s small size and remote location, which necessitates higher shipping costs. However, for those who can afford it, Block Island is a beautiful place to live with an abundance of activities available year round.