Cost of Living in Narragansett Pier, RI

Population 3,080 · Rhode Island · Data vintage 2023

204
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

$772,000 is the going rate for a typical Narragansett Pier home, 153% over the national median. Rents of $1,721/month track the same premium. Unemployment has stayed elevated relative to the national figure — 7.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Narragansett Pier is about 25 miles south of Providence, the nearest large metro. Median home values run roughly 139% higher than Providence's $323,000.

Cost Overview

Housing 253
Rent 131

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

About the Cost of Living in Narragansett Pier

The median home value in Narragansett Pier is $771,800 — 153% above the national median of $305,000. Median rent runs $1,721/month, 31% higher than the national median of $1,314/month. The median household income of $79,683/year is 7% higher than the US median of $74,580. The local unemployment rate is 7.4%, 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 59.1°F and lows of 39.3°F. Overall, Narragansett Pier has a cost of living index of 204 versus the US average of 100, meaning it is 104% more expensive.

🏠 Housing

Median Home Value
$771,800
153% above avg
Median Rent
$1,721/mo
31% above avg
Price-to-Rent Ratio
37.4x
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 59.9%
Renter-occupied 40.1%

💰 Estimated Monthly Budget

Rent median rent
$1,721
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,335/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
26.2 min
3% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.0%

Commute Mode

Drove alone
68.9%
Carpooled
8.0%
Public transit
3.6%
Walked
1.6%
Work from home
16.0%

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
$79,683
7% above avg
Per Capita Income
$56,850
Unemployment Rate
7.4%
54% above avg
Poverty Rate
14.3%
Labor Force Participation
63.3%

🎓 Education

Bachelor's degree+ 25.6%
Graduate degree 31.9%

👥 Demographics

Median Age 56.4
Male median age 57.1
Female median age 53.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.1°F
Avg Low
39.3°F
Annual Precip
51.6"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 373946566675807973625243
Low °F 192127364554605952413225
Precip" 4.173.855.694.503.583.993.314.084.304.494.385.23

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
80.8%
Good air days/yr
140
Max AQI recorded
189
PM2.5 days
166
Ozone days

Frequently Asked Questions

What is the cost of living in Narragansett Pier, RI?

Narragansett Pier has a cost index of 204 (100 = national average). It is 104% above the national average.

What is average rent in Narragansett Pier, RI?

The median gross rent in Narragansett Pier is $1,721 per month based on 2023 Census data.

What is the average home price in Narragansett Pier?

The median home value in Narragansett Pier is $771,800 according to 2023 Census ACS data.

What is the median income in Narragansett Pier?

The median household income in Narragansett Pier is $79,683 per year (2023 ACS 5-year estimates).

What is the sales tax in Narragansett Pier, RI?

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

Is Narragansett Pier, RI affordable?

Narragansett Pier is above average in cost of living, with an index of 204 — about 104% higher than the national average.

What is the weather like in Narragansett Pier?

Narragansett Pier has average high temperatures of 59.1°F and average lows of 39.3°F. Annual precipitation is 51.6". Data from NOAA 1991–2020 Climate Normals.

Narragansett Pier at a Glance

Population
3,080
Median Income
$79,683
Home Value
$771,800
Median Rent
$1,721/mo
Unemployment
7.4%
Avg High Temp
59.1°F
Sales Tax
7.0%
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