RI · Rank 14 of 50 affordable
Can teachers afford to live in Rhode Island?
Tight, but workable.
The average Rhode Island teacher earns $78,323 per year. A typical 2-bedroom rents for about $1,989/mo, which is 30% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$78,323
Cost-of-Living Index
117
US avg = 100
Affordability Score
48/100
Renting in Rhode Island
2BR Rent / mo
$1,989
Annual Rent
$23,868
% of Salary
30%
Left after rent
$4,538/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Rhode Island
Median Home Price
$491,400
10% Down
$49,140
P&I (7%, 30yr)
$2,942/mo
Full PITI
$3,536/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.