MyNeighborhood

Can you afford to live in Cranston?

Median household income, home values and rent in Cranston, RI — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Cranston.

Median household income: $87,716 — +46.9% since 2015 (not adjusted for inflation)

Median gross rent: $1,332/mo — +35.4% since 2015

Median home value, 2015 to 2023

  • 2015: 213800
  • 2023: 348800

Median household income

  • Cranston: 87716
  • Providence County: 78204
  • RI: 86372
  • U.S.: 78538

Median gross rent

  • Cranston: 1332
  • Providence County: 1242
  • RI: 1273
  • U.S.: 1348

Share of income a typical renter spends on rent: 29.5% — U.S.: 30.2%

What it means

The typical household here earns $87,716 — slightly higher than the national figure of $78,538.

The typical renter here spends 29.5% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+46.9% versus +35.4%), before adjusting for inflation.

Sources

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