Housing costs in Wakefield?
A typical home costs
$575,900, which is 70.3% more expensive than the national average of
$338,100 and 43.5% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Wakefield costs
$1,680 per month, which is 17.5% more than the national average of
$1,430 and 14.9% more than the state average of
$1,430.
Can I afford Wakefield?
To live comfortably in Wakefield (zip 02879), Rhode Island, a minimum annual income of
$110,520 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Wakefield?
The cost of living in 02879 Wakefield, RI is higher than the national average but still relatively affordable. The median home value in Wakefield is $286,000 compared to the US median of $219,700. Groceries and other essential items are also slightly more expensive than the rest of the country. However, utilities are very reasonably priced with an average monthly bill coming in at around $150 per month. Overall, while Wakefield is slightly pricier than the national average, it is still a great place to live with its beautiful beaches and relaxed atmosphere.