Cost of Living in Carolina, RI

With a cost of living index of 106, Carolina, RI is somewhat more expensive than average. Living here is 6% more expensive than the national average and 5% below the Rhode Island state average of 111. Carolina is a small community of 1,238 residents.

The median household income in Carolina is $123,063, which is 64% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Carolina. The area sees an average annual temperature of 49.2°F, with summers averaging 68°F and winters around 31°F. Annual rainfall totals 51.6 inches spread over roughly 134 days.

Everyday prices in the Providence-Warwick, RI-MA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.