Cost of Living in Cranston, RI
Population: 82,632 • 2026 Data
$87,716
Median Household Income
+13% vs national
$1,332
Median Monthly Rent
-1% vs national
$348,800
Median Home Value
+3% vs national
5.8%
Unemployment Rate
Housing in Cranston
The median home value in Cranston, RI is $348,800. Monthly rent for a typical unit averages $1,332, while total monthly housing costs (including utilities and insurance) average $1,572.
Rent-to-income ratio: 18.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Cranston, RI is $87,716. The unemployment rate stands at 5.8%, with a labor force of 44,398 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.