Housing costs in Cranston?
A typical home costs
$541,200, which is 60.1% more expensive than the national average of
$338,100 and 34.9% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Cranston costs
$2,160 per month, which is 51.0% more than the national average of
$1,430 and 32.4% more than the state average of
$1,460.
Can I afford Cranston?
To live comfortably in Cranston (zip 02921), Rhode Island, a minimum annual income of
$103,680 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Cranston?
The cost of living in 02921 Cranston, RI is relatively high compared to other cities and towns throughout the state. The median home value in Cranston is $251,300, which is much higher than the national average of $184,700. When it comes to housing costs alone, Cranston residents pay an average of $1,232 per month whereas the national average for housing expenses is just $949 monthly. Groceries are also notably pricier in this area, with an index score of 108.5 compared to the US average of 100. Furthermore, transportation costs such as gas and car insurance tend to be more expensive here as well. Despite these added costs, many people still choose to live in Cranston due to its close proximity to major cities like Providence and Boston.