Cost of Living in Wakefield-Peacedale, RI

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C
16%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
45%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Wakefield-Peacedale Rhode Island National
Cost of living116110100
Groceries104103100
Health care103103100
Housing145124100
Transportation103104100
Utilities106106100
Lifestyle & Entertainment104107100
Household Items106105100
Education & Childcare105106100
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Homes For Sale In Wakefield-Peacedale, RI

property for sale

35 Highland Ave

Wakefield, RI
property for sale

35 Thewlis Woods Way

Wakefield, RI
property for sale

16 Harrison Ave

Wakefield, RI
property for sale

71 Kenyon Ave

Wakefield, RI

Cost Of Living Quick Facts

  • The cost of living in Wakefield-Peacedale is 5% higher than the Rhode Island average
  • The cost of living in Wakefield-Peacedale is 16% higher than the national average
  • Wakefield-Peacedale housing is 45% higher than the national average
  • Rhode Island general sales tax is 37% higher than the national average
  • Rhode Island state income tax is 44% higher than the national average

Most Affordable Places to Live in and Around Wakefield-Peacedale

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      Price difference in compared to
      Cost of living index
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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$142,107$11,842$3,316$4,264
      Renters$44,750$3,729$1,044$1,343
      The affordability of the housing market in Wakefield-Peacedale, RI as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Wakefield-Peacedale homeowners, the median income is $142,107. This indicates that a monthly maximum of $3,316 should be spent by homeowners on all housing related costs. Renters have a median income of $44,750. This indicates that renters would have a maximum of $1,044 for their rent related monthly costs.

      Rhode Island Sales Tax

      State General Sales Tax With Max Surtax
      Rhode Island 7% 7%

      Rhode Island Income Tax

      State Income Tax (Low) Income Tax (High)
      Rhode Island 3.75% 5.99%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hopkinton, RI6281022.1%
      Bradford, RI1,31311110.7%
      Ashaway, RI1,48911211.8%
      Tiverton, RI8,19912121.1%
      Wyoming, RI24311414.5%
      Wakefield-Peacedale, RI9,25011616.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Earlimart, CA9,2501077.4%
      Hillview, KY9,250936.8%
      Mechanicsburg, PA9,250991.0%
      Spanish Fort, AL9,2511055.4%
      Chanute, KS9,2518019.7%
      Wakefield-Peacedale, RI9,25011616.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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