Pascoag 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.
IndexPascoagRhode IslandNational
Cost of living index113117100
IndexPascoagRhode IslandNational
Goods & Services index119119100
Groceries index115115100
Health care index110110100
Housing index104120100
Transportation index102102100
Utilities index127127100
Here we can see a simple outline of the cost of living in Pascoag, RI. As you can see, with the average cost of living in Pascoag, RI being 113, that puts it 4% lower than the average of Rhode Island and 13% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Pascoag, RI, the price of goods and services are equal to the average of Rhode Island as well as 19% higher than the nation's average.

Did you know?

  • The cost of living in Pascoag is 4% lower than the Rhode Island average.
  • The cost of living in Pascoag is 13% higher than the national average.
  • The cost of housing in Pascoag is 4% 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.

Find Real Estate Listings In Pascoag


New Real Estate Listings In Pascoag

Compare Pascoag, 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 Pascoag, 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 Pascoag, RI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Pascoag, 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)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Pascoag, RI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Pascoag, RI has a median income of about $81,927 for people who own homes. Based on that number, a person should spend a maximum of $1,912 on expenses related to housing. Renters have a slightly different median income, which is $29,375. Based on this average, renters should spend no more than $685 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 you are determining the total cost of living in Pascoag, RI you will want to make sure you consider both the Rhode Island sales tax and the Rhode Island income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Rhode Island is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Rhode Island have a range from 3.75% to 5.99%.

Goods & Services

ItemPascoagNational 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%


ItemPascoagNational 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

ItemPascoagNational 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%


ItemPascoagNational avg.Difference
Home Price $198,000.00$184,700.007.2%
Avg. Mortgage Payment $1,565.25$1,202.4430.2%
Apartment Rent $912.00$949.003.9%


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


ItemPascoagNational 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.
Woonsocket, RI41,2721077%
East Brooklyn, CT1,7221088%
Danielson, CT3,9991088%
Putnam, CT7,1291099%
Harrisville, RI1,6291099%
Pascoag, RI4,91511313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Stewart, GA4,9101066%
Lafayette, TN4,90984-16%
McMurray, PA4,90912222%
Newport, NH4,9231066%
Clementon, NJ4,9241044%
Pascoag, RI4,91511313%
Source: The Pascoag, RI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.