What salary do you need to live in Rhode Island?

How much do I need to make to live in RI?

The living wage in Rhode Island is $83,942.

What is a good salary Providence Rhode Island?

$49,421 is the 25th percentile. Salaries below this are outliers. $73,882 is the 75th percentile.

What’s the cost of living in Providence Rhode Island?

Providence cost of living is 105.1

COST OF LIVING Providence Rhode Island
Grocery 105.1 106.5
Health 84.4 81.9
Housing 91 123.4
Median Home Cost $294,500 $375,800

What is the highest paying job in Rhode Island?

Detailed List Of Highest Paying Jobs In Rhode Island

Rank Job Title Average Salary
1 Loan Servicing Specialist $329,032
2 Consultant And Sales Representative $259,465
3 Revenue Officer $238,937
4 Vice President, Products Marketing $222,950

Is it cheap to live in Rhode Island?

The cost of living in the Ocean State is higher than the national average. But when it comes to dollars and sense, there are still affordable places to live. The cost of living in this vibrant community is 9% lower than the state average. …

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What is the average household income in Rhode Island?

Table

Population
Income & Poverty
Median household income (in 2019 dollars), 2015-2019 $67,167 $62,843
Per capita income in past 12 months (in 2019 dollars), 2015-2019 $36,121 $34,103
Persons in poverty, percent  10.6%  11.4%

What is poverty level income in Rhode Island?

The median household income in Rhode Island is $63,296. The poverty line is $24,860 for a family of four. 12.9% of Rhode Island residents live in poverty.

Is it cheaper to live in Massachusetts or Rhode Island?

The cost of living in Boston, MA is 43.4% higher than in Providence, RI. You would have to earn a salary of $86,010 to maintain your current standard of living. Employers in Boston, MA typically pay 7.3% more than employeers in Providence, RI.

Is Rhode Island a good place to live?

Rhode Island is undoubtedly one of the greatest states in the nation – and it’s also one of the best places to raise a family. With great schools, lots of access to culture, and plenty of natural beauty, it’s no wonder so many people want to live in the tiniest and mightiest state.

What constitutes a living wage?

The term living wage refers to a theoretical income level that allows individuals or families to afford adequate shelter, food, and other necessities. The goal of a living wage is to allow employees to earn enough income for a satisfactory standard of living and prevent them from falling into poverty.

Does Rhode Island tax out of state income?

A Rhode Island resident (full-year or part-year) can receive a credit for income tax paid to another state or country when the other state or country imposes its tax on income also subject to Rhode Island Personal Income Tax in the same taxable year.

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Is living in Rhode Island Expensive?

An amount below 100 means Rhode Island is cheaper than the US average. A cost of living index above 100 means Rhode Island, Rhode Island is more expensive.

Rhode Island cost of living is 110.6.

COST OF LIVING Rhode Island United States
Grocery 106.5 100
Health 81.9 100
Housing 123.4 100
Median Home Cost $375,800 $291,700

Is it cheaper to live in Rhode Island or Florida?

Rhode Island is 19.3% more expensive than Florida.

Is Rhode Island more expensive than California?

Cost of Living Comparison Between Los Angeles, CA and Providence, RI. You would need around 4,797.21$ in Providence, RI to maintain the same standard of life that you can have with 6,300.00$ in Los Angeles, CA (assuming you rent in both cities).