Housing costs in Oakland?
A typical home costs
$387,400, which is 14.6% more expensive than the national average of
$338,100 and 3.4% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Oakland costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 5.9% more than the state average of
$1,430.
Can I afford Oakland?
To live comfortably in Oakland (zip 02858), Rhode Island, a minimum annual income of
$74,160 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Oakland?
Living in 02858 Oakland, RI is very affordable for those on a budget. According to Zillow, the median home value for this area is just over $197,000, which makes it a great place for first time home buyers or those looking to save money by downsizing. The cost of living index is also much lower than the national average at 85.1, meaning that food and other goods are more affordable than most other places in the country. Many residents of Oakland take advantage of the low cost of living here by investing in local businesses or taking part in community events. All in all, Oakland offers its residents an excellent quality of life without breaking the bank.