Housing costs in Little Compton?
A typical home costs
$826,600, which is 144.5% more expensive than the national average of
$338,100 and 106.0% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Little Compton costs
$1,780 per month, which is 24.5% more than the national average of
$1,430 and 19.7% more than the state average of
$1,430.
Can I afford Little Compton?
To live comfortably in Little Compton (zip 02837), Rhode Island, a minimum annual income of
$158,400 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Little Compton?
The cost of living in 02837 Little Compton, RI is quite high compared to the national average. Groceries, housing, and transportation are all more expensive than the national average due to the small town's rural location and lower population density. A meal from a casual restaurant can easily cost $20-$30 or more. The median home price in Little Compton is $547,200, which is much higher than the national median of $227,500. Transportation costs can be quite steep as well; gasoline prices tend to be higher than other parts of Rhode Island and there are no nearby public transportation options available. However, due to the small town atmosphere and strong sense of community in Little Compton, these slightly higher costs may be worth it for some residents looking for an escape from city living.