Housing costs in Narragansett?
A typical home costs
$711,100, which is 110.3% more expensive than the national average of
$338,100 and 77.2% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Narragansett costs
$1,870 per month, which is 30.8% more than the national average of
$1,430 and 23.5% more than the state average of
$1,430.
Can I afford Narragansett?
To live comfortably in Narragansett (zip 02882), Rhode Island, a minimum annual income of
$136,080 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Narragansett?
The cost of living in 02882 Narragansett, RI is slightly higher than the national average. It has a median home value of $360,400 and a median rental rate of $1,480, both of which are relatively high compared to other areas. Additionally, the area has an overall cost of living index rating of 137.5, which is nearly 37 points higher than the national average. This can be attributed to the fact that it is a desirable coastal destination with easy access to amenities such as nearby beaches and popular restaurants. Despite this factor, however, residents often find that their money goes far here due to its peaceful atmosphere and high quality of life.