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Cranston, RI Cost of Living

Cranston 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.
IndexCranstonRhode IslandNational
Cost of living index115117100
IndexCranstonRhode IslandNational
Goods & Services index119119100
Groceries index115115100
Health care index110110100
Housing index112120100
Transportation index102102100
Utilities index127127100
The above illustration supplies generalized information for the Cranston, RI cost of living index. Compared to other cities in Rhode Island and cities across the country, the cost of living index in Cranston, RI is 115, which is 2% lower than the Rhode Island average and 15% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Cranston, RI are equal to the average for Rhode Island and 19% higher than the rest of the country.
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Did you know?

  • The cost of living in Cranston is 2% lower than the Rhode Island average.
  • The cost of living in Cranston is 15% higher than the national average.
  • The cost of housing in Cranston is 12% 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 Cranston, RI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Cranston, 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 Cranston, RI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Cranston, 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$80,405$6,700$1,876$2,412
Renters$35,459$2,955$827$1,064
One can approximate the cost of living and the housing affordability in Cranston, RI by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Cranston, RI have a median income of $80,405. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,876 per month to avoid calamity and poverty. The renters in the city have an income of about $35,459, which would make their monthly maximum allowable rental costs $827.

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%
One thing to keep in mind when considering the cost of living in Cranston, RI is the Rhode Island sales tax and Rhode Island income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Rhode Island sales tax rate is 7% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Rhode Island income tax rates range from 3.75% to 5.99%.

Goods & Services

ItemCranstonNational avg.Difference
Haircut $17.68$16.099.9%
Beauty Salon $55.55$37.3348.8%
Toothpaste $3.46$2.4541.4%
Shampoo $1.02$1.002.3%
Movie $11.42$10.2811.1%
Bowling $5.67$4.9314.9%

Groceries

ItemCranstonNational avg.Difference
Ground Beef $4.20$3.8010.3%
Fried Chicken $1.62$1.4016.2%
Milk $2.39$2.0119.0%
Potatoes $3.79$3.0125.9%
Pizza $9.66$9.892.3%
Beer $10.16$8.9014.1%

Health Care

ItemCranstonNational avg.Difference
Optometrist $125.67$102.1623.0%
Doctor $146.33$108.3635.0%
Dentist $91.00$92.531.7%
Ibuprofen $9.76$9.285.2%
Lipitor $395.65$425.827.1%

Housing

ItemCranstonNational avg.Difference
Home Price $212,200.00$184,700.0014.9%
Avg. Mortgage Payment $1,565.25$1,202.4430.2%
Apartment Rent $988.00$949.004.1%

Transportation

ItemCranstonNational avg.Difference
Gasoline $2.21$2.241.5%
Tire Balancing $50.00$46.298.0%

Utilities

ItemCranstonNational avg.Difference
All Electricity$212.39$165.9628.0%
Phone $36.19$28.6826.2%
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.
Central Falls, RI19,3661077%
Harrisville, RI1,6291099%
Pawtucket, RI71,3891099%
Providence, RI178,85111010%
Pascoag, RI4,91511313%
Cranston, RI80,88211515%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Palm Coast, FL80,94898-2%
Lakewood, CA81,05414444%
Largo, FL80,67891-9%
Lake Forest, CA80,65815858%
Avondale, AZ80,6311011%
Cranston, RI80,88211515%
Source: The Cranston, RI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.
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