13/06/2025
A MUST READ!!!!
Living Cost of Rhode Island
Here's a breakdown of the cost of living in Rhode Island:
Overall Cost of Living:
Rhode Island's cost of living is 13% higher than the national average.
Forbes ranks Rhode Island as one of the most expensive states to live in, with housing costs being a major factor.
Major Expense Categories:
Housing: Rhode Island's housing costs significantly exceed the national average. Average rent is $1,964, compared to the national average of $1,645. Rent varies by location, with Providence and Newport being more expensive. The average home value is about $492,939 as of June 2025.
Utilities: Utility costs are generally higher than the national average, averaging around $439 monthly.
Groceries: Grocery costs are approximately 10% higher than the national average, with an average monthly cost of about $390.
Transportation: Transportation expenses are slightly above the national average.
Healthcare: Healthcare costs are also typically higher than the national average.
Childcare: Rhode Island has some of the highest childcare costs in the U.S., with the average annual cost for infant care being nearly $17,000.
To Live Comfortably:
To live comfortably in Rhode Island, an estimated annual income between $85,000 and $100,000 is recommended. For a single adult in Providence without dependents, an annual salary of approximately $71,412 before taxes is suggested.
