Wakefield-Peacedale, RI Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
123
Wakefield-Peacedale's Overall Cost Of Living
1.2x
Higher Than The National Average
13 out of 16
In Rhode Island
4,962 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Wakefield-Peacedale is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Wakefield-Peacedale, RI?

According to the most recent data on the cost of living, Wakefield-Peacedale has an overall cost of living index of 123 which is 1.2x higher than the national index of 100.

Compared to only Rhode Island, Wakefield-Peacedale has a cost of living index that's 1.1x higher than Rhode Island's index of 115.

The standard of living in Wakefield-Peacedale ranks as #4,965 most affordable out of the 6,522 places we measured in Rhode Island. By definition, that implies Wakefield-Peacedale ranks as the #1,442 most expensive place in the Ocean State.

For more reading on life in Wakefield-Peacedale, check out:

Wakefield-Peacedale Cost Of Living Vs. Rhode Island

Living Expense Wakefield-Peacedale Rhode Island National Average
Overall 123 115 100
Services 115 115 100
Groceries 105 105 100
Health 107 107 100
Housing 145 120 100
Transportation 110 110 100
Utilities 124 124 100
For more reading on cost of living around Rhode Island, check out:
Wakefield-Peacedale Cost of Living Vs. RI

Wakefield-Peacedale, RI Housing Cost Breakdown

Housing swings affordability the most between places in Rhode Island, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$336,900
Median Home Value
$1,131
Median Rent
$82,692
Median Income
Statistic Wakefield-Peacedale Rhode Island United States
Median Home Value $336,900 $261,900 $217,500
Median Rent $1,131 $1,004 $1,062
Median Income $82,692 $67,167 $62,843
Home Value To Income 4.1x 3.9x 3.5x
Rent To Monthly Income 0.16x 0.18x 0.2x

Detailed Wakefield-Peacedale Services Costs Vs. Rhode Island

Item Wakefield-Peacedale Rhode Island
Shampoo $0.99 $1.01
Movie $12.75 $10.72
Bowling $18.0 $13.86

Detailed Wakefield-Peacedale Groceries Costs Vs. Rhode Island

Item Wakefield-Peacedale Rhode Island
Ground Beef $3.77 $3.9
Fried Chicken $1.64 $1.4
Milk $2.64 $1.96

Detailed Wakefield-Peacedale Health Costs Vs. Rhode Island

Item Wakefield-Peacedale Rhode Island
Haircut $20.0 $17.49
Beauty Salon $56.67 $38.17
Toothpaste $2.55 $2.32

Detailed Wakefield-Peacedale Transportation Costs Vs. Rhode Island

Item Wakefield-Peacedale Rhode Island
Potatoes $3.49 $3.18
Pizza $10.49 $10.39
Beer $10.32 $9.23
Optometrist $131.39 $106.34
Doctor $157.87 $115.25
Dentist $92.75 $98.38

Detailed Wakefield-Peacedale Utilities Costs Vs. Rhode Island

Item Wakefield-Peacedale Rhode Island
Gasoline $2.65 $2.59
Tire Balancing $62.0 $48.9
All Electricity $235.76 $167.6
Phone $186.18 $163.42

Wakefield-Peacedale SnackAbility

7
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
7
Diversity
8
Safety
N/A
Amenities
8.5
Education
8.5
Commute
8

Cost Of Living In Cities Around Wakefield-Peacedale

City Population Cost Of Living Vs. Wakefield-Peacedale
Newport, RI 24,663 133 1.1x
Newport East, RI 11,925 124 1.0x
Kingston, RI 6,513 126 1.0x
Pawcatuck, CT 5,305 115 0.9x

Articles About Rhode Island

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