Question 1

What is the cost of living in Rhode Island?

Accepted Answer

Rhode Island has an average cost of living index of 128, which is 15% above the national average of 111. Average monthly rent across tracked cities is $2,187, and average median household income is $66,772.

Question 2

What is the cheapest city in Rhode Island?

Accepted Answer

Providence is the most affordable city tracked in Rhode Island, with a cost index of 128 and median rent of $2,187/month.

Question 3

What is the most expensive city in Rhode Island?

Accepted Answer

Providence is the most expensive city tracked in Rhode Island, with a cost index of 128 and median rent of $2,187/month.

Question 4

What is the average rent in Rhode Island?

Accepted Answer

The average monthly rent across 1 tracked cities in Rhode Island is $2,187. The cheapest rent is in Providence at $2,187/month.

Question 5

What is the average household income in Rhode Island?

Accepted Answer

The average median household income across tracked cities in Rhode Island is $66,772. The highest-earning city is Providence at $66,772.

Question 6

Is Rhode Island affordable to live in?

Accepted Answer

Rhode Island's average rent-to-income ratio is 39.3%. Financial advisors recommend keeping rent below 30% of gross income. Rhode Island can be a financial stretch, with rent exceeding 30% of typical incomes in many cities. Providence offers the best value at a cost index of 128.

Rhode Island

Core metrics, city comparisons, and tax signals

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Rhode Island

Core metrics, city comparisons, and tax signals