Cost of Living in Cranston, RI

Population 82,632 · Rhode Island · Data vintage 2023

109
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Cranston's cost indicators track within a reasonable band of national figures, with median household incomes near $87,716 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Cranston sits roughly 5 miles southwest of Providence — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 8% higher than Providence's $323,000.

Cost Overview

Housing 114
Rent 101

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Cranston

The median home value in Cranston is $348,800 — 14% above the national median of $305,000. Median rent runs $1,332/month, 1% higher than the national median of $1,314/month. The median household income of $87,716/year is 18% higher than the US median of $74,580. The local unemployment rate is 5.8%, above the national average of 4.8%. Rhode Island's top state income tax rate is 6.0% and the combined sales tax is 7.0%. The climate averages highs of 61.1°F and lows of 43.1°F, with about 36.6" of annual snowfall. Overall, Cranston has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.

🏠 Housing

Median Home Value
$348,800
14% above avg
Zillow Home Value
$439,251
Zillow ZHVI
Median Rent
$1,332/mo
1% above avg
Zillow Rent
$1,979/mo
Zillow ZORI
Price-to-Rent Ratio
21.8x
Favors renting
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,233
1 BR
$1,319
2 BR
$1,614
3 BR
$1,945
4 BR
$2,359
Owner-occupied 67.3%
Renter-occupied 32.7%

💰 Estimated Monthly Budget

Rent median rent
$1,332
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,946/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.7 min
5% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.9%

Commute Mode

Drove alone
74.8%
Carpooled
9.6%
Public transit
1.6%
Walked
1.1%
Bicycle
0.1%
Work from home
10.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 6.0%
Total Sales Tax 7.0%
State rate 7.0%
Avg local rate 0.0%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$87,716
18% above avg
Per Capita Income
$44,045
Unemployment Rate
5.8%
21% above avg
Poverty Rate
8.7%
Labor Force Participation
65.7%

🎓 Education

Bachelor's degree+ 21.6%
Graduate degree 14.2%

👥 Demographics

Median Age 40.1
Male median age 38.9
Female median age 41.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.1°F
Avg Low
43.1°F
Annual Precip
47.5"
Annual Snowfall
36.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 384148596978848275645343
Low °F 222430404959656457453628
Precip" 3.963.444.904.293.373.812.913.594.174.184.274.65
Snow" 10.310.56.40.60.00.00.00.00.00.21.07.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
59.5%
Good air days/yr
125
Max AQI recorded
240
PM2.5 days
123
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

85%
4-Year Graduation Rate
12.9:1
Student-teacher ratio
24
Public schools
10,475
Total enrollment

Frequently Asked Questions

What is the cost of living in Cranston, RI?

Cranston has a cost index of 109 (100 = national average). It is 9% above the national average.

What is average rent in Cranston, RI?

The median gross rent in Cranston is $1,332 per month based on 2023 Census data.

What is the average home price in Cranston?

The median home value in Cranston is $348,800 according to Zillow and Census data.

What is the median income in Cranston?

The median household income in Cranston is $87,716 per year (2023 ACS 5-year estimates).

What is the sales tax in Cranston, RI?

The combined state and local sales tax rate in Cranston is 7.0%. The Rhode Island state income tax top rate is 6.0%.

Is Cranston, RI affordable?

Cranston is near the national average in terms of cost of living, with an index of 109 (100 = US average).

What is the weather like in Cranston?

Cranston has average high temperatures of 61.1°F and average lows of 43.1°F. Annual precipitation is 47.5". Average annual snowfall is 36.6". Data from NOAA 1991–2020 Climate Normals.

Cranston at a Glance

Population
82,632
Median Income
$87,716
Home Value
$348,800
Median Rent
$1,332/mo
Unemployment
5.8%
Avg High Temp
61.1°F
Sales Tax
7.0%
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