Cost of Living in Hope Valley, RI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
156.4
100 = national avg
+56.4 vs national average
Living Wage (1 Adult)
$68,836
per year
Living Wage (Family of 4)
$162,703
per year
Cost Index by Category
Housing191.8
Food125.3
Transportation150.5
Healthcare120.2
Utilities133.5
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 Hope Valley is 156.4, which is 56.4% above the national average. Housing costs are above the national average at an index of 191.8. A single adult needs to earn approximately $68,836 per year to cover basic expenses.