Cost of Living in Charlestown, RI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
165.6
100 = national avg
+65.6 vs national average
Living Wage (1 Adult)
$72,858
per year
Living Wage (Family of 4)
$172,209
per year
Cost Index by Category
Housing189.3
Food136.6
Transportation173.2
Healthcare129.3
Utilities139.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,402
per month
2 Bedroom
$1,729
per month
The overall cost of living index in Charlestown is 165.6, which is 65.6% above the national average. Housing costs are above the national average at an index of 189.3. A single adult needs to earn approximately $72,858 per year to cover basic expenses.