Cranston, RI Cost Of Living
Cost Of Living In Cranston, RI Summary
Cost of living in Cranston research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cranston is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Rhode Island, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cranston is 116, with 100 being the average.
The cost of living index in Cranston is 1.2x higher than the national average.
Cranston ranks as the #8 cheapest in Rhode Island out of 15.
Cranston ranks as the #4,151 cheapest out of 6,489 in the US.
The median home value in Cranston is $433,112.
The median income in Cranston is $87,716.
Table Of Contents
Cranston's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cranston, RI?
According to the most recent data on the cost of living, Cranston has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Rhode Island, Cranston has a cost of living index that's 1.0x higher than Rhode Island's index of 111.
The standard of living in Cranston ranks as #8 most affordable out of the 15 places we measured in Rhode Island. By definition, that implies Cranston ranks as the #7 most expensive place in the Ocean State.
For more reading on life in Cranston, check out:
In Rhode Island
In America
Cranston Cost Of Living Vs. Rhode Island
Six factors go into calculating the cost of living index in Cranston. Here is how it fairs on each of the criteria:
The Services index in Cranston is 116.
The Groceries index in Cranston is 103.
The Health index in Cranston is 110.
The Housing index in Cranston is 135.
The Transportation index in Cranston is 93.
The Utilities index in Cranston is 113.
| Living Expense | Cranston | Rhode Island | National Average | |
|---|---|---|---|---|
| Overall | 116 | 111 | 100 | |
| Services | 116 | 113 | 100 | |
| Groceries | 103 | 100 | 100 | |
| Health | 110 | 110 | 100 | |
| Housing | 135 | 121 | 100 | |
| Transportation | 93 | 91 | 100 | |
| Utilities | 113 | 114 | 100 | |
Cranston, RI Housing Cost Breakdown
Housing swings affordability the most between places in Rhode Island, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Cranston is $433,112.
The Median Rent in Cranston is $1,332.
The Median Income in Cranston is $87,716.
The Home Value To Income in Cranston is 4.9x.
The Rent To Monthly Income in Cranston is 0.18x.
| Statistic | Cranston | Rhode Island | United States |
|---|---|---|---|
| Median Home Value | $433,112 | $490,356 | $303,400 |
| Median Rent | $1,332 | $1,273 | $1,348 |
| Median Income | $87,716 | $86,372 | $78,538 |
| Home Value To Income | 4.9x | 5.7x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Cranston, RI Costs By Category
Detailed Cranston Services Costs Vs. Rhode Island
| Item | Cranston | Rhode Island |
|---|---|---|
| Shampoo | $1.43 | $1.28 |
| Movie | $14.37 | $12.13 |
| Bowling | $22.72 | $18 |
| Haircut | $31.5 | $24.26 |
| Beauty Salon | $49.92 | $45.56 |
Detailed Cranston Groceries Costs Vs. Rhode Island
| Item | Cranston | Rhode Island |
|---|---|---|
| Ground Beef | $5.85 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $11.59 | $12.09 |
| Beer | $10.74 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Cranston Health Costs Vs. Rhode Island
| Item | Cranston | Rhode Island |
|---|---|---|
| Optometrist | $104.45 | $125.68 |
| Doctor | $169.83 | $135.78 |
| Dentist | $130.28 | $113.29 |
Detailed Cranston Transportation Costs Vs. Rhode Island
| Item | Cranston | Rhode Island |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $48.2 | $59.92 |
Detailed Cranston Utilities Costs Vs. Rhode Island
| Item | Cranston | Rhode Island |
|---|---|---|
| All Electricity | $230.62 | $193.99 |
| Phone | $195.18 | $192.25 |
Cranston SnackAbility
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Cost Of Living In Cities Around Cranston
The cost of living varies in the cities and towns around Cranston. Here's a quick look at the cost of living in the most populous nearby places:
Providence, RI has a cost of living index of 111, 1.0x Cranston.
Warwick, RI has a cost of living index of 114, 1.0x Cranston.
Pawtucket, RI has a cost of living index of 110, 0.9x Cranston.
| City | Population | Cost Of Living | Vs. Cranston |
|---|---|---|---|
| Providence, RI | 190,214 | 111 | 1.0x |
| Warwick, RI | 82,871 | 114 | 1.0x |
| Pawtucket, RI | 75,280 | 110 | 0.9x |
| East Providence, RI | 46,970 | 110 | 0.9x |
| Woonsocket, RI | 43,074 | 105 | 0.9x |
| Central Falls, RI | 22,481 | 103 | 0.9x |
| Somerset, MA | 18,246 | 120 | 1.0x |
| Valley Falls, RI | 12,370 | 114 | 1.0x |
| Greenville, RI | 8,586 | 122 | 1.1x |
