Rhode Island Cost of Living

The median rent in Rhode Island is $1,362 per month, which is 17% above the national median of $1,163. This places the state among the more expensive places to lease a home in the country.

Within Rhode Island, housing costs vary significantly by county. Newport County is the most expensive county with a median rent of $1,652 per month and a median home value of $559,700. At the other end of the spectrum, Providence County offers the most affordable housing, with a median rent of $1,242 per month and homes valued at a median of $339,100.

The average home value across Rhode Island counties is $434,100, 54% higher than the national median of $281,900. With a median household income of roughly $96,749, many residents find homeownership a stretch.

Before moving to Rhode Island, it is worth understanding the local housing landscape. Even in a smaller state, costs can vary between counties. Use the county-level data below to compare rent, home values, and affordability ratings so you can budget accurately for your relocation.