Is Wakefield Peacedale, Rhode Island a Good Place To Live? - Living In Wakefield Peacedale, RI

Is Wakefield Peacedale, Rhode Island a good place to live?
Wakefield Peacedale is a city in Rhode Island state in USA with a population of 9504 residents.. The poverty rate of Wakefield Peacedale is 10.4%, which is 26% lower than national average. The typical household in Wakefield Peacedale earns $82692 a year, compared to the national median of $67,500. Nearly 32.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Wakefield Peacedale, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Wakefield Peacedale remained 8.7%, which is 85% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Wakefield Peacedale, only 48% of adults have a bachelor's degree and 22% have some college but no degree.

Cost of living in Wakefield Peacedale is 123, which is 23% higher than national average. Median home value in Wakefield Peacedale is $336900 , which is 47% higher than national average. While median income in Wakefield Peacedale remained $82692, which is 23% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
9504
Unemployment
8.7%
85% NAT AVG.
Poverty
10.4%
26% NAT AVG.
Overall Score
7
Median Home Cost
$336900
47% NAT AVG.
Median Income
$82692
23% NAT AVG.
Median Rent
$1131
3% NAT AVG.
Cost Of Living
123
23% NAT AVG.
People Living BPL
1 in 10
Unemployed People
1 in 11
People Earning < $10,000
1 in 34
People Earning < $50,000
32.9%
People with <= High School
1 in 3.3
People With Any Degree
1 in 1.9
Pros & Cons Overview

Jobs70%

Housing85%

Affordability70%

Safety85%

Amenities85%

Diversity80%

Education85%

Commute80%