Housing costs in Lincoln?
A typical home costs
$446,000, which is 31.9% more expensive than the national average of
$338,100 and 11.2% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Lincoln costs
$1,770 per month, which is 23.8% more than the national average of
$1,430 and 19.2% more than the state average of
$1,430.
Can I afford Lincoln?
To live comfortably in Lincoln (zip 02865), Rhode Island, a minimum annual income of
$85,320 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Lincoln?
The cost of living in 02865 Lincoln, RI is quite reasonable compared to other states. The median home value is $225,300 and the median rent is $1,206 per month. The average utilities for a one-bedroom apartment are approximately $85, and groceries can be found at a lower price than in more populated areas. Sales tax is 7%, which is below the national average, making it easier to save on everyday items. In addition, transportation costs are quite affordable with public transportation options available and car insurance rates that are lower than many other states. All of this contributes to the low cost of living in Lincoln, RI.