Cost of Living in Pascoag, RI

With a cost of living index of 99, Pascoag, RI is right around the national average in cost. Living here is 1% cheaper than the national average and 12% below the Rhode Island state average of 111. Pascoag is a small community of 4,081 residents.

Housing costs are the biggest factor in Pascoag's cost of living. The median monthly rent is $1,181 (10% below the US median of $1,319), and the median home value sits at $335,400 (10% above the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Pascoag is $101,359, which is 35% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Pascoag. The area sees an average annual temperature of 52.1°F, with summers averaging 72°F and winters around 33°F. Annual rainfall totals 47.5 inches spread over roughly 127 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.