12 A Lot Of Economical Places to Reside In Rhode Island in 2023 

The tiniest state in the United States, Rhode Island, has no lack of factors to think about moving there. With captivating villages along the coast, historical cities like Providence, the state’s maritime heritage, historical estates, and gorgeous islands, there’s much to like about Rhode Island. If Rhode Island seems like the state for you, then you might likewise wonder about what cities suit your spending plan. When it concerns purchasing a house in Rhode Island the typical house price is $469,400.

If that cost runs out your spending plan, do not fret. We have actually got choices to assist you discover a house. Redfin has actually assembled a list of the 12 of the most inexpensive locations to reside in Rhode Island– and they all have an average house price under the state’s average. From West Warwick to Westerly, continue reading to see what cities you might wish to think about relocating to.

rugged coastline view in Rhode Island

# 1: West Warwick

Mean house cost: $ 345,000
Typical price per square foot: $240
Mean family earnings: $62,649
Closest significant city: Providence (10 miles)
West Warwick, RI houses for sale
West Warwick, RI apartment or condos for lease

With an average house price of $345,000, West Warwick lands the top area on our list as the most inexpensive location to reside in Rhode Island. There have to do with 31,000 citizens residing in this mid-sized city, situated about 10 miles south of Providence. If you’re thinking about relocating to this location make certain to have a look at the Matteson Pond Entertainment Location, check out the Arctic area, and golf at one of the clubs.

# 2: Woonsocket

Mean house cost: $ 365,000
Typical price per square foot: $ 199
Typical lease for a 1-bedroom home: $900
Mean family earnings: $44,310
Closest significant city: Providence (15 miles)
Woonsocket, RI houses for sale
Woonsocket, RI apartment or condos for lease

Taking 2nd put on our list of inexpensive cities to reside in Rhode Island is Woonsocket. When residing in this city of 43,200 individuals, you can check out among the museums like the Museum of Work & & Culture, websites like the Polar Express Station, see a program at the Arena Theatre, and have a look at among the parks like Cass Park.

# 3: Pawtucket

Mean house cost: $375,000
Typical price per square foot: $188
Typical lease for a 1-bedroom home: $1,750
Mean family earnings: $52,902
Closest significant city: Providence (5 miles)
Pawtucket, RI houses for sale
Pawtucket, RI apartment or condos for lease

Third is Pawtucket where about 75,600 citizens presently live. The typical house price is $375,000 which has to do with $95K less than the typical house price in Rhode Island. If you discover yourself relocating to the 3rd most inexpensive location in Rhode Island, have a look at among the parks like Slater Boneyard or 10 Mile River, visit the Old Slater Mill National Historic Landmark, and check out the downtown location.

# 4: Coventry

Mean house cost: $ 375,000
Typical price per square foot: $ 225
Mean family earnings: $44,310
Closest significant city: Providence (15 miles)
Coventry, RI houses for sale
Coventry, RI apartment or condos for lease

A bit more pricey than Pawtucket is the city of Coventry. There are a number of leading destinations you might wish to have a look at in Coventry. Ensure to check out the nature maintains like Audubon George Parker Forest Wildlife Haven, Audubon Maxwell Mays Wildlife Haven, or Tillinghast Pond Management Location, take an outdoor camping journey, or fish at Tiogue Lake.

floating home in Providence Rhode island

# 5: Cranston

Mean house cost: $387,000
Typical price per square foot: $ 224
Typical lease for a 1-bedroom home: $ 1,360
Mean family earnings: $44,310
Closest significant city: Providence (5 miles)
Cranston, RI houses for sale
Cranston, RI apartment or condos for lease

Another excellent location to contribute to your list is Cranston. With 82,900 citizens, relocating to this inexpensive city offers you the benefits of city-life without residing in a significant city. Residing In Cranston, you can have a look at all the regional dining establishments in the heart of the city, and check out a few of the parks like Pawtuxet Oboes Park and John L. Curran State Park.

# 6: North Providence

Mean house cost: $392,500
Typical price per square foot: $217
Mean family earnings: $63,158
Closest significant city: Providence (5 miles)
North Providence, RI houses for sale
North Providence, RI apartment or condos for lease

Another notable city is North Providence, where you’ll discover the house rates have to do with $75K less than the state’s average. North Providence has about 34,100 citizens and is a terrific city to think about residing in this year. Whether you check out Guv John Notte Boneyard along the Wenscott Tank, get a meal at one of the outstanding regional dining establishments, and golf at one of the courses, there are lots of activities to do and see in this city.

# 7: Warwick

Mean house cost: $ 395,000
Typical price per square foot: $ 255
Typical lease for a 1-bedroom home: $ 1,622
Mean family earnings: $ 73,285
Closest significant city: Providence (10 miles)
Warwick, RI houses for sale
Warwick, RI apartment or condos for lease

Declaring the seventh area on our list of inexpensive locations to reside in Rhode Island is Warwick. With a population of about 82,800, you’ll be residing in a mid-sized city, however there is no lack of things to do in Warwick. Do not lose out on delighting in nature at the waterside areas like Rocky Point State Park, Buttonwoods Beach, or Conimicut Point Park, eating by the water, or taking a look at a few of the other remarkable regional dining establishments and stores in the area when moving here.

# 8: Johnston

Mean house cost: $ 400,000
Typical price per square foot: $238
Mean family earnings: $ 75,579
Closest significant city: Providence (5 miles)
Johnston, RI houses for sale
Johnston, RI apartment or condos for lease

If you have actually been residing in Rhode Island for a long time, you most likely understand Johnston. About 29,600 individuals reside in Johnston, simply 5 miles west of Providence. As soon as relocating to Johnston you’ll wish to check out the routes at the extensive Snake Den State Park where you’ll likewise discover the Wicked Tulips Farm, and have a look at the stores and dining establishments along Atwood Ave.

chairs and hotel in Westerly Rhode Island

# 9: East Providence

Mean house cost: $ 422,500
Typical price per square foot: $ 245
Typical lease for a 1-bedroom home: $ 1,950
Mean family earnings: $65,016
Closest significant city: Providence (5 miles)
East Providence, RI houses for sale
East Providence, RI apartment or condos for lease

Another excellent location to think about residing in Rhode Island is East Providence where the population has to do with 47,100. Popular things to do in East Providence consist of visiting the Crescent Park Carousel which goes back to 1895 and taking in the panoramas from Sabin Point Waterside Park. You can likewise take a trip of Pomham Rocks Lighthouse and check out downtown East Providence.

# 10: Smithfield

Mean house cost: $ 430,000
Typical price per square foot: $ 260
Mean family earnings: $87,819
Closest significant city: Providence (10 miles)
Smithfield, RI houses for sale
Smithfield, RI apartment or condos for lease

Taking the 10th area is Smithfield, another among the inexpensive locations to reside in Rhode Island. This city has a population of 22,100 and you can trek along the Wolf Hill Forest Preserve, check out Stump Pond and eat at a neighboring dining establishment, or practice your skating abilities at Smithfield Municipal Ice Rink. You’ll have lots of activities to check out throughout your leisure time residing in Smithfield.

# 11: Central Falls

Mean house cost: $ 437,500
Typical price per square foot: $ 156
Mean family earnings: $34,689
Closest significant city: Providence (5 miles)
Central Falls, RI houses for sale
Central Falls, RI apartment or condos for lease

With an average house price of $437,500, Central Falls is another inexpensive city to think about purchasing a house in this year. You’ll discover there have to do with 22,600 citizens in the Central Falls location so you’ll have a smaller sized city-like feel without the big-city rates. If Central Falls is the city for you, make sure to invest the afternoon at Valley Falls Pond and have a look at the dining establishments and stores in the heart of Central Falls.

# 12: Westerly

Mean house cost: $435,000
Typical price per square foot: $ 262
Mean family earnings: $75,200
Closest significant city: New London, CT (15 miles)
Westerly, RI houses for sale
Westerly, RI apartment or condos for lease

The 12th city on our list is Westerly where you’ll discover the typical house price is $435,000. If you’re thinking about residing in Westerly and are aiming to take a trip to the nearby significant city, you’ll discover that New London, CT, is 15 miles west. There is plenty to do in Westerly like checking out the Napatree Point Sanctuary and taking a look at the neighboring Watch Hill Lighthouse. You can likewise invest a peaceful day at East Beach, see a program at one of the theaters like United Theatre or Granite Theatre, and check out downtown Westerly.

Method: All cities need to have more than 20,000 citizens per the United States Census and have an average house price under the typical mean house price in Rhode Island. Mean house price and typical price per square foot from the Redfin Data Center throughout August 2023. Typical rental information from Rent.com August 2023. Population and typical family earnings information sourced from the United States Census Bureau

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