Wakefield-Peace Dale, RI vs Westerly, RI

Wakefield-Peace Dale, RI and Westerly, RI have a very similar cost of living, with only a 3.6% difference in their overall index. Wakefield-Peace Dale scores 110 while Westerly scores 106 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 Wakefield-Peace Dale is $1,196/month compared to $1,243/month in Westerly — a 4% difference. Interestingly, home values tell a different story: while Wakefield-Peace Dale has cheaper rent, Westerly actually has lower median home values ($400,200 vs $464,400).

Median household income in Wakefield-Peace Dale is $111,200 compared to $82,333 in Westerly (+35.1%). 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 Wakefield-Peace Dale spend roughly 12.9% of their income on rent, less than the 18.1% in Westerly.

Climate-wise, Westerly is notably warmer with an average of 52.5°F compared to 49.2°F in Wakefield-Peace Dale. Wakefield-Peace Dale receives more rainfall at 51.6" per year compared to 42.8" in Westerly.