Hope Valley cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHope ValleyRhode IslandNational
Cost of living index129119100
IndexHope ValleyRhode IslandNational
Goods & Services index118118100
Groceries index107107100
Health care index107107100
Housing index158126100
Transportation index101101100
Utilities index139139100

Did you know?

  • The cost of living in Hope Valley is 8% higher than the Rhode Island average.
  • The cost of living in Hope Valley is 29% higher than the national average.
  • The cost of housing in Hope Valley is 58% higher than the national average.
  • Rhode Island general sales tax is 37% higher than the national average.
  • Rhode Island state income tax is 69% higher than the national average.

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Compare Hope Valley, RI Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,433$7,119$1,993$2,563
Renters$44,450$3,704$1,037$1,334

Rhode Island Sales Tax

StateGeneral Sales TaxWith Max Surtax
Rhode Island7%7%

Rhode Island Income Tax

StateIncome Tax (Low)Income Tax (High)
Rhode Island3.75%5.99%

Goods & Services

ItemHope ValleyNational avg.Difference
Haircut $16.67$15.567.1%
Beauty Salon $48.75$36.1135.0%
Toothpaste $3.97$2.4760.6%
Shampoo $0.99$0.962.6%
Movie $11.17$10.1310.3%
Bowling $4.77$4.740.7%

Groceries

ItemHope ValleyNational avg.Difference
Ground Beef $4.56$3.9814.4%
Fried Chicken $1.49$1.415.9%
Milk $2.56$2.0623.9%
Potatoes $3.99$2.9833.8%
Pizza $8.83$9.476.8%
Beer $9.44$8.797.3%

Health Care

ItemHope ValleyNational avg.Difference
Optometrist $123.75$101.0422.5%
Doctor $142.56$107.4432.7%
Dentist $88.44$90.422.2%
Ibuprofen $8.99$9.283.1%
Lipitor $391.73$426.508.2%

Housing

ItemHope ValleyNational avg.Difference
Home Price $297,100.00$175,700.0069.1%
Avg. Mortgage Payment $1,459.71$1,133.2328.8%
Apartment Rent $1,220.00$920.0032.6%

Transportation

ItemHope ValleyNational avg.Difference
Gasoline $1.97$1.991.0%
Tire Balancing $49.00$45.767.1%

Utilities

ItemHope ValleyNational avg.Difference
All Electricity$243.22$163.8148.5%
Phone $36.19$28.3927.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Moosup, CT3,0321099%
Plainfield Village, CT2,11711010%
Jewett City, CT3,48811010%
Bradford, RI1,21211818%
Ashaway, RI1,30712020%
Hope Valley, RI1,69612929%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Henderson, LA1,69684-16%
Seymour, MO1,69679-21%
Gadsden, SC1,69687-13%
Dover, TN1,69690-10%
Baidland, PA1,69793-7%
Hope Valley, RI1,69612929%
Source: The Hope Valley, RI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.