Rhode Island Cost of Living Calculator
Compare Rhode Island cost of living (index: 107.8). Calculate equivalent salary needed when moving to or from Rhode Island.
How This Calculator Works
Calculation methodology and assumptions
This calculator compares purchasing power between locations using cost of living indices. Rhode Island's cost of living index is 107.8 (100 = national average). The equivalent salary is calculated as: Current Salary × (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.
Key State Information
Rhode Island cost of living index: 107.8. Rhode Island is close to the national average in overall cost. Median household income: $71,169. Median 2BR rent: $1330/month.
Frequently Asked Questions
What is the cost of living in Rhode Island?
Rhode Island's cost of living index is 107.8, where 100 is the national average. This means living in Rhode Island costs about 8% more than the national average.
Is Rhode Island expensive to live in?
Rhode Island has a moderate cost of living, close to the national average. Median home price: $410,000.
How much do I need to earn in Rhode Island to live comfortably?
Based on a cost of living index of 107.8 and the 50-30-20 budgeting rule, a comfortable salary in Rhode Island would be approximately $57,350/year for a single person renting a 2BR apartment.
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