Zip 02814 (Chepachet, RI) Cost of Living


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How much do I need to live in Chepachet, Rhode Island?
$6,630 / month
for a family, 22.8% more expensive than the national average A total of $79,560 for the year for a family.
$4,200 / month
for a single person, 11.9% less expensive than the national average A total of $50,400 for the year for a single person.

Chepachet cost of living score
108.8
More expensive
8.8% higher
than the US average
3.3% lower
than the Rhode Island average
Chepachet (zip 02814), Rhode Island gets a BestPlaces Cost of Living score of 108.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 8.8% higher than the U.S. average and 3.3% higher than the average for Rhode Island.

Zip 02814 (Chepachet, RI)

Housing costs in Chepachet?
A typical home costs $415,000, which is 22.7% more expensive than the national average of $338,100 and 3.4% more expensive than the average Rhode Island home, at $401,200. Renting a two-bedroom unit in Chepachet costs $1,510 per month, which is 5.6% more than the national average of $1,430 and 5.3% more than the state average of $1,430.

Can I afford Chepachet?
To live comfortably in Chepachet (zip 02814), Rhode Island, a minimum annual income of $79,560 for a family, and $50,400 for a single person is recommended.

What does A.I. say about Chepachet?
Living in 02814 Chepachet, RI is surprisingly affordable. The median home cost is approximately $232,000, which is significantly lower than the national average of $274,900. Renters can expect to pay an average of $914 per month for a one bedroom apartment. The overall cost of living index for Chepachet is slightly above the national average at 108.3 but still quite reasonable compared to other states in the US. With a variety of dining, shopping and entertainment options, your cost of living should remain manageable and allow you plenty of room for leisure activities.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesChepachetRhode IslandUnited States
    Unlock112.5100.0
  106.2  Unlock100.0
    Unlock85.5100.0
  126.9  Unlock100.0
    Unlock$401,200$338,100
  111.2  Unlock100.0
    Unlock106.1100.0
  105.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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