Income Reality in Rhode Island — Taxes, Housing & Salary

New England charm, Boston proximity, above-average costs

Data: 2026-Q2 · BLS · HUD · KFF
Cost of Living Index
108
Median Household Income
$83,504
State Income Tax
5.99% top rate
Median Rent
$2,100/mo

Income tax overview

Rhode Island has a top income tax rate of 5.99%.

Housing snapshot

Median 1BR rent in Providence is approximately $1,500-$1,700.

Cost of living summary

At an index of 108, Rhode Island is about 8% more expensive than the national average of 100.

Rhode Island is the smallest state but offers New England coastal charm. Providence is a growing arts and education center. Costs are above average but below Boston.

Major cities

Boston

1BR $2,476/mo

Salary reality examples

$60-80k

Moderate in Providence. Above-average costs are the primary challenge.

$80-100k

Good purchasing power. Rhode Island is more affordable than Boston.

$100-130k

Comfortable statewide.

FAQ

FAQ — Income Reality in Rhode Island

Is Rhode Island expensive?

Rhode Island has a cost of living index of 108, about 8% above the national average. It is more affordable than neighboring Massachusetts.

What is Rhode Island's income tax rate?

Rhode Island has a top income tax rate of 5.99%.

Related tools

City Comparison Salary Equivalency

Cost of Living Index from C2ER. This is a picture, not a verdict.

Income Reality Check is an educational tool, not financial advice. Your situation has more dimensions than any tool can capture.