RI · Rank 8 of 50 affordable
Can teachers afford to live in Rhode Island?
Yes — manageable.
The average Rhode Island teacher earns $85,772 per year. A typical 2-bedroom rents for about $1,880/mo, which is 26% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$85,772
Cost-of-Living Index
110.6
US avg = 100
Affordability Score
62/100
Renting in Rhode Island
2BR Rent / mo
$1,880
Annual Rent
$22,562
% of Salary
26%
Left after rent
$5,267/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Rhode Island
Median Home Price
$464,520
10% Down
$46,452
P&I (7%, 30yr)
$2,781/mo
Full PITI
$3,343/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.