Westerly 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.
IndexWesterlyRhode IslandNational
Cost of living index125119100
IndexWesterlyRhode IslandNational
Goods & Services index118118100
Groceries index107107100
Health care index107107100
Housing index146126100
Transportation index101101100
Utilities index139139100
Displayed above is a general overview of the Westerly, RI cost of living index. The overall cost of living index in Westerly, RI is 125, which is 5% higher than the Rhode Island average and 25% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Westerly, RI are equal to the Rhode Island average and 18% higher than the national average.

Did you know?

  • The cost of living in Westerly is 5% higher than the Rhode Island average.
  • The cost of living in Westerly is 25% higher than the national average.
  • The cost of housing in Westerly is 46% 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 Westerly, RI Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is meant to help you compare your salary in Westerly, RI to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Westerly, RI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Westerly, RI salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,648$6,137$1,718$2,210
Renters$35,673$2,973$832$1,070
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Westerly, RI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Westerly, RI homeowners, is $73,648. This would allow for a maximum of $1,718 per month to be spent on housing costs. For renters, the median monthly income is $35,673 which would result in a maximum of $832 to be spent on rental costs.

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%
When assessing the complete cost of living in Westerly, RI, the Rhode Island income tax and the Rhode Island sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Rhode Island maximum surtax is 7%, and the Rhode Island sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.75% to 5.99% in Rhode Island.

Goods & Services

ItemWesterlyNational 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

ItemWesterlyNational 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

ItemWesterlyNational 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

ItemWesterlyNational avg.Difference
Home Price $278,100.00$175,700.0058.3%
Avg. Mortgage Payment $1,459.71$1,133.2328.8%
Apartment Rent $1,081.00$920.0017.5%

Transportation

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

Utilities

ItemWesterlyNational 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.
Poquonock Bridge, CT1,64911010%
Long Hill, CT4,14811313%
New London, CT27,53611414%
Norwich, CT40,37811414%
Groton, CT9,34811919%
Westerly, RI17,98412525%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Yorkville, IL17,9801077%
Stafford, TX17,99097-3%
Winthrop Town, MA17,99214444%
North Druid Hills, GA17,99611919%
Avenel, NJ17,95212121%
Westerly, RI17,98412525%
Source: The Westerly, RI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.