Housing costs in Cumberland?
A typical home costs
$412,900, which is 22.1% more expensive than the national average of
$338,100 and 2.9% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Cumberland costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 5.1% cheaper than the state average of
$1,430.
Can I afford Cumberland?
To live comfortably in Cumberland (zip 02864), Rhode Island, a minimum annual income of
$79,200 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Cumberland?
The cost of living in 02864 Cumberland, RI is relatively low. Residents can expect to find houses at an average price of around $242,000 and the monthly median rent for a one bedroom apartment is typically just over $900. The local grocery stores, Walmart Supercenter and Stop & Shop, have competitive prices compared to the national average and there is no sales tax in the state. Utility costs are also lower than the national average making it easy for residents to keep their costs down. Overall, 02864 Cumberland, RI offers residents a very low cost of living with plenty of affordable housing options and low utility rates.