Cost of Living in Melville, RI

With a cost of living index of 139, Melville, RI is a notably expensive place to live. Living here is 39% more expensive than the national average and 29% above the Rhode Island state average of 111. Melville is a small community of 1,840 residents.

The median household income in Melville is $103,393, which is 38% higher than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Melville. The area sees an average annual temperature of 51.3°F, with summers averaging 70°F and winters around 33°F. Annual rainfall totals 42.2 inches spread over roughly 128 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.