📈 Investment & Retirement Calculators Rhode Island

Rhode Island Retirement Calculator

Plan your retirement in Rhode Island. Factor in higher cost of living and state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Rhode Island Quick Facts

6.0% Income Tax Rate

1.63% Property Tax Rate

$71,169 Median Income

107.8 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Rhode Island. Rhode Island taxes retirement income at rates up to 5.99%. Cost of living index: 107.8 (100 = national avg). Desired income is pre-filled based on 80% of Rhode Island's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Rhode Island: Rhode Island taxes retirement income at rates up to 5.99%. Cost of living: 107.8/100. Property tax: 1.63%. Median home: $410,000. Average home insurance: $2,050/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is Rhode Island a good state to retire in?

Rhode Island's state income tax of up to 5.99% may reduce retirement income significantly. Cost of living is near the national average. Median home price: $410,000.

How much do I need to retire in Rhode Island?

Using the 4% rule, to generate $4,745/month (80% of Rhode Island median income) you'd need approximately $1,423,380 saved. Adjust up or down based on your lifestyle and housing costs.