Cost of Living in Rhode Island — Housing, Taxes & Everyday Expenses

New England charm, Boston proximity, above-average costs

Data: 2026-Q2 · BLS · HUD · KFF

Overview

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.

Housing costs

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

Tax reality

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

Everyday expenses

At a cost of living index of 108, Rhode Island is about 8% more expensive than the national average of 100. Rhode Island's costs are elevated relative to its income level, though lower than neighboring Massachusetts.

Salary reality in Rhode Island

$40-60k ~$3,268/mo take-home

$60-80k ~$4,453/mo take-home

$80-100k ~$5,526/mo take-home

FAQ

Cost of Living in Rhode Island — FAQ

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?