A general summary of the cost of living index in Wakefield-Peacedale, RI is shown above. Compared to the state average of Rhode Island the cost of living index in Wakefield-Peacedale, RI is 125, which is 7% higher than the average in Rhode Island and compared to the national average it is 25% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Wakefield-Peacedale, RI goods and services come in at equal to the average in Rhode Island and are 19% higher than compared to the nationwide average.