Westerly, RI Cost Of Living
Cost Of Living In Westerly, RI Summary
Cost of living in Westerly 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 Westerly 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 Westerly is 121, with 100 being the average.
The cost of living index in Westerly is 1.2x higher than the national average.
Westerly ranks as the #11 cheapest in Rhode Island out of 15.
Westerly ranks as the #4,476 cheapest out of 6,489 in the US.
The median home value in Westerly is $598,361.
The median income in Westerly is $82,333.
Table Of Contents
Westerly's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Westerly, RI?
According to the most recent data on the cost of living, Westerly has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Rhode Island, Westerly has a cost of living index that's 1.1x higher than Rhode Island's index of 111.
The standard of living in Westerly ranks as #11 most affordable out of the 15 places we measured in Rhode Island. By definition, that implies Westerly ranks as the #4 most expensive place in the Ocean State.
For more reading on life in Westerly, check out:
In Rhode Island
In America
Westerly Cost Of Living Vs. Rhode Island
Six factors go into calculating the cost of living index in Westerly. Here is how it fairs on each of the criteria:
The Services index in Westerly is 115.
The Groceries index in Westerly is 103.
The Health index in Westerly is 108.
The Housing index in Westerly is 151.
The Transportation index in Westerly is 94.
The Utilities index in Westerly is 114.
| Living Expense | Westerly | Rhode Island | National Average | |
|---|---|---|---|---|
| Overall | 121 | 111 | 100 | |
| Services | 115 | 113 | 100 | |
| Groceries | 103 | 100 | 100 | |
| Health | 108 | 110 | 100 | |
| Housing | 151 | 121 | 100 | |
| Transportation | 94 | 91 | 100 | |
| Utilities | 114 | 114 | 100 | |
Westerly, 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 Westerly is $598,361.
The Median Rent in Westerly is $1,243.
The Median Income in Westerly is $82,333.
The Home Value To Income in Westerly is 7.3x.
The Rent To Monthly Income in Westerly is 0.18x.
| Statistic | Westerly | Rhode Island | United States |
|---|---|---|---|
| Median Home Value | $598,361 | $490,356 | $303,400 |
| Median Rent | $1,243 | $1,273 | $1,348 |
| Median Income | $82,333 | $86,372 | $78,538 |
| Home Value To Income | 7.3x | 5.7x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Westerly, RI Costs By Category
Detailed Westerly Services Costs Vs. Rhode Island
| Item | Westerly | 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 Westerly Groceries Costs Vs. Rhode Island
| Item | Westerly | 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 Westerly Health Costs Vs. Rhode Island
| Item | Westerly | Rhode Island |
|---|---|---|
| Optometrist | $104.45 | $125.68 |
| Doctor | $169.83 | $135.78 |
| Dentist | $130.28 | $113.29 |
Detailed Westerly Transportation Costs Vs. Rhode Island
| Item | Westerly | Rhode Island |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $48.2 | $59.92 |
Detailed Westerly Utilities Costs Vs. Rhode Island
| Item | Westerly | Rhode Island |
|---|---|---|
| All Electricity | $230.62 | $193.99 |
| Phone | $195.18 | $192.25 |
Westerly SnackAbility
/10
Cost Of Living In Cities Around Westerly
The cost of living varies in the cities and towns around Westerly. Here's a quick look at the cost of living in the most populous nearby places:
Groton, CT has a cost of living index of 111, 0.9x Westerly.
Pawcatuck, CT has a cost of living index of 114, 0.9x Westerly.
| City | Population | Cost Of Living | Vs. Westerly |
|---|---|---|---|
| Groton, CT | 9,343 | 111 | 0.9x |
| Pawcatuck, CT | 5,475 | 114 | 0.9x |
