Why not move to The Ocean State, Rhode Island? While the state might be small, it has a lot of activities you can do. From trying all its unique seafood to sailing, you can find something that fits your needs. Another plus about Rhode Island is that the weather is quite lovely, bringing in warm summers and cold winters. If that sounds like a good retirement, Rhode Island could be a consideration. However, is Rhode Island affordable for you? Let's break down the living costs in this state and see if it is.
Unfortunately, Rhode Island is nearly 20 points above the national average. In all areas, except for median home cost, which is $30K lower than the US average, Rhode Island is more expensive. Housing and utilities make up most of these extra payments, meaning that you might want to save up and be mindful of living here. If you can afford it, Rhode Island can be a fun state. However, other states are on the coastline and cost less than the national average, so you might also want to look at those.
| COST OF LIVING | Rhode Island | United States |
|---|---|---|
| Overall | 119.4 | 100 |
| Grocery | 108.7 | 100 |
| Housing | 124.2 | 100 |
| Median Home Cost | $261,900 | $291,700 |
| Utilities | 125.8 | 100 |
| Transportation | 111.1 | 100 |
| Miscellaneous | 118.7 | 100 |
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