Can I Afford to Live in Rhode Island?
Rhode Island - Smallest state with a vibrant Providence arts scene and coastal lifestyle. See median rent, home values, and the most affordable ZIP codes below.
Find ZIP Codes You Can Afford in Rhode Island
Enter your salary to see neighborhoods in your budget.
🏠 To Buy in Rhode Island
With median home value of $380,000, you'd typically need an income of at least $95,000/year and a down payment of $38,000 (10%).
🏘️ To Rent in Rhode Island
With median rent of $1,300/month, you should earn at least $47K/year (30% rent-to-income rule). This is above the US median of $1,163/mo.
💰 Median Income
Rhode Island residents earn a median household income of $72,385/year. Rent takes approximately 22% of median income.
Most Affordable ZIP Codes in Rhode Island
Ranked by lowest median rent, minimum population 3,000+
Top-Rated Neighborhoods in Rhode Island
Highest ZipScore - best combination of safety, schools, and quality of life
FAQs: Living in Rhode Island
What salary do I need to live comfortably in Rhode Island?
To live comfortably in Rhode Island, you'd want to earn at least $46,800/year to rent at the median price without being cost-burdened (spending more than 30% of income on housing). To buy at the median home price of $380,000, aim for a salary of $95,000+.
Is Rhode Island expensive to live in?
Rhode Island has a median rent of $1,300/month, which is above the US national median of $1,163. Cost varies significantly by city and neighborhood - the table above shows the most affordable ZIP codes in Rhode Island.
What is the most affordable city in Rhode Island?
The most affordable ZIP codes in Rhode Island are ranked in the table above by median rent. Smaller cities and suburbs typically offer significantly lower costs than the major metro areas. Click any ZIP code to see its full neighborhood profile.