Financial Profile: Rhode Island
Financial landscape, tax rates, cost of living, and median income scoring for Rhode Island residents.
Rhode Island at a Glance
Avg Salary
$60,000
Cost of Living
110
Top Tax Rate
6.0%
Adjusted Income
$54,545
Monthly Take-Home
$3,883
Max Rent (30%)
$1,500
Financial Genome at Median Income
Scores calculated for someone earning $60,000/yr in Rhode Island with typical expenses.
PPI
40
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in Rhode Island: Financial Overview
Rhode Island has graduated income tax rates from 3.75% to 5.99%.
- Moderate tax rates
- Small state, urban amenities
- Boston metro access
Major Cities
Providence, Warwick, Cranston, Pawtucket
With a cost of living index of 110 (above the national average of 100), expenses are higher in Rhode Island. A $60,000 salary here has the purchasing power equivalent of only $54,545 in an average-cost area.
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See your personalized Financial Genome scores based on your actual income and expenses in Rhode Island.
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