The facts:
- $257,500: Price of the median single-family home sold last year
- $2,067: Typical monthly payment for that house (including principal, interest, taxes and insurance)
- $82,696: The income you need to afford that house
- $1,184: Average rent for a 2-bedroom apartment
- $47,360: The income you need to afford that apartment
- $34,372: Average annual wage in Cranston***
- 3,530: Households in Cranston paying more than half their income for housing****
- 1,780 (5.57%): Housing that qualifies as affordable
Click here for footnotes.