Tiverton, RI vs Wakefield-Peace Dale, RI

Tiverton, RI and Wakefield-Peace Dale, RI have a very similar cost of living, with only a 4% difference in their overall index. Tiverton scores 106 while Wakefield-Peace Dale scores 110 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Tiverton is $1,341/month compared to $1,196/month in Wakefield-Peace Dale — a 12% difference. Interestingly, home values tell a different story: while Wakefield-Peace Dale has cheaper rent, Tiverton actually has lower median home values ($357,700 vs $464,400).

Median household income in Tiverton is $91,493 compared to $111,200 in Wakefield-Peace Dale (-17.7%). While Wakefield-Peace Dale is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Tiverton spend roughly 17.6% of their income on rent, more than the 12.9% in Wakefield-Peace Dale.

Climate-wise, both cities share similar average temperatures (51.3°F vs 49.2°F). Wakefield-Peace Dale receives more rainfall at 51.6" per year compared to 42.2" in Tiverton.