Housing costs in Coventry?
A typical home costs
$358,200, which is 5.9% more expensive than the national average of
$338,100 and 10.7% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Coventry costs
$1,410 per month, which is 1.4% cheaper than the national average of
$1,430 and close to the state average of
$1,430.
Can I afford Coventry?
To live comfortably in Coventry (zip 02816), Rhode Island, a minimum annual income of
$68,760 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Coventry?
The cost of living in Coventry, RI (02816) is slightly above the national average. According to BestPlaces.net, the overall cost of living index in Coventry is 108.2, while the national average is 100. This is primarily because the median home value in Coventry is $292,400, which is substantially more expensive than the national median home value of $231,200. Additionally, transportation costs are 8% higher than the national average in Coventry due to higher gas prices and local taxes on vehicles. However, food costs are slightly lower than the rest of the nation with an index score of 95. Thus, while it may be more expensive to live in Coventry compared to other parts of the country, it can still be quite affordable for those who are willing to shop around for groceries and transportation options.