The cost of living in the Ocean State is higher than the national average. But when it comes to dollars and sense, there are still affordable places to live. Whether you are a life-long resident looking to lower your monthly expenses or a newcomer looking to settle in, you don’t have to spend your entire fortune to live in Little Rhody.
We’ve looked at the numbers and highlighted the most affordable places that have a livability index of 60 or more. The livability index takes into account factors like education, crime, amenities, employment opportunities, and housing along with the cost of living. The result is this list of the cheapest yet still great places to live in Rhode Island.
Located along the Wood River, this village is the least expensive place to live in the Ocean State. The cost of living is 9% lower than the state average and the cost of housing is 17% lower than the national average.
Woonsocket is the 6th largest city in Rhode Island. The cost of living in this vibrant community is 9% lower than the state average. Woonsocket also ranks high in amenities.
Harrisville is a small village in Burrillville and has a strong historic district. Expect low crime and good amenities in this charming place. Harrisville has a cost of living 7% lower than the state average.
Pawtucket boasts a low cost of housing. The fourth largest city in the Ocean State also features great amenities and a cost of living index at 7% lower than the state average.
Foster Center is a tiny village within the town of Foster. At the 2010 census, the population was just 355. But in this tiny place, the cost of living is 6% lower than the state average.
Pascoag is a village in Burrillville that has a very low crime rate. With great amenities and a cost of living 4% lower than the state average, this spot ranks number six on the list.
Housing in East Providence falls in the middle of the spectrum. But you can expect low crime rates and great amenities. The cost of living is 3% lower than the state average.
Valley Falls is a village in Cumberland. Low crime, excellent amenities, and decent employment opportunities are perks to living in this place. The cost of living is 3% lower than the state average.
Warwick is a quaint city with a small town feel. It has affordable housing, low crime, and wonderful amenities. The cost of living here is 3% lower than the state average.
Were you surprised by the cheapest places to live in Rhode Island? Did your hometown make the list? For more information about how the data was collected and how the livability statistics were calculated, click here.
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