Living Wage Calculation for Rhode Island
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.80 | $38.11 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $12.25 | $12.25 |
What is middle class income in Rhode Island?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Rhode Island | $62,691 | $71,169 |
| Arizona | $61,699 | $62,055 |
| Delaware | $60,015 | $70,176 |
| Montana | $59,496 | $57,153 |
What is a good salary Providence Rhode Island?
$4,140 is the 25th percentile. Salaries below this are outliers. $8,365 is the 90th percentile.
What are Top 10 Highest Paying Cities for Average Jobs in Rhode Island.
| City | Providence |
|---|---|
| Annual Salary | $66,693 |
| Monthly Pay | $5,558 |
| Weekly Pay | $1,283 |
| Hourly Wage | $32.06 |
What is the median salary in Rhode Island?
$70,305
Table
| Population | ||
|---|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 25.3 | 26.9 |
| Income & Poverty | ||
| Median household income (in 2020 dollars), 2016-2020 | $70,305 | $64,994 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $37,504 | $35,384 |
How wealthy is Rhode Island?
Rhode Island is the 17th-wealthiest state in the United States of America, with a per capita income of $21,688 (2000) and a personal per capita income of $31,916 (2003).
What is high income in RI?
Average Household Income: $92,427. Per Capita Income: $37,504. 7.7% of Households in Rhode Island are High Income Households that make over $200,000 a year.
What is the poorest city in Rhode Island?
Central Falls, Rhode Island
Central Falls is the poorest town in Rhode Island. The $28,901 median annual household income in Central Falls is less than half that of the Newport East area, the state’s next poorest town, where the typical household earns $59,680 a year.
What is a good salary for a single person in Rhode Island?
A person working in Rhode Island typically earns around 84,200 USD per year. Salaries range from 21,300 USD (lowest average) to 376,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
What is considered poverty level in RI?
The poverty line is $24,860 for a family of four. 12.9% of Rhode Island residents live in poverty.
Is Rhode Island cheap to live in?
The cost of living is 9% lower than the state average and the cost of housing is 17% lower than the national average. Woonsocket is the 6th largest city in Rhode Island. The cost of living in this vibrant community is 9% lower than the state average.
What is considered upper middle class?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
Is Rhode Island a good state to move to?
The Ocean State low crime rate, top quality education, affordable housing, and natural beauty makes it one of the best places to live in the country. If you love festivals and events, great tasty food, sports, and an eco-friendly environment, moving to Rhode Island is perfect for you.
Is Rhode Island expensive to live?
Rhode Island has a cost of living index of 117.2, making it the ninth most expensive in the United States. Housing costs are 21% higher than the national average, with a typical single-family dwelling costing $372,809. The average rent for a two-bedroom apartment in Rhode Island is $1,043 a month.
Who is the largest employer in Rhode Island?
This statistic illustrates the leading companies headquartered in Rhode Island in 2020, by number of employees. In that year, CVS Health was the largest company headquartered in Rhode Island, employing about 295,000 people.
What is the nicest part of Rhode Island?
The Most Beautiful Towns in Rhode Island
- Newport. Museum. View.
- Block Island. Natural Feature. View.
- Bristol. Historical Landmark. View.
- Jamestown. Natural Feature. View.
- Tiverton. Natural Feature. View.
- Westerly. Architectural Landmark. View.
- South Kingstown. Natural Feature. View.
- Middletown. Natural Feature. View. © Mira / Alamy.
How many millionaires are in Rhode Island?
This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019).
List.
| Rank | 44 |
|---|---|
| State | Rhode Island |
| Number of millionaire households | 28,165 |
| Share of millionaire households | 6.69% |
How many rich people live in Rhode Island?
This is the City in Rhode Island With the Most Billionaires
| City with the most billionaires: | Number of billionaires: | Total billionaire net worth: |
|---|---|---|
| Oregon: Hillsboro | 1 | $51.6 billion |
| Pennsylvania: Philadelphia | 3 | $10.6 billion |
| Rhode Island: Providence | 1 | $2 billion |
| South Carolina: Charleston | 1 | $1.9 billion |
How much do teachers make in Rhode Island?
According to the National Education Association, Rhode Island’s average teacher salary is $66,758, which places it at 10th in the country. The state’s average starting salary is $41,869, according to the latest NEA data.
How many billionaires are in RI?
Table
| Rank by number of billionaires (9/15/20) | State or federal district | Billionaires/ State’s 10M pop. (7/19 census) (9/15/20) |
|---|---|---|
| 31 | Kansas | 6.87 |
| 31 | Oregon | 4.74 |
| 45 | New Hampshire | 0.00 |
| 36 | Rhode Island | 9.44 |
What is the poorest city in the USA?
Detroit, Michigan
According to this data, Detroit, Michigan is the poorest city in the United States with a median income of $27,838. The poverty rate in Detroit is 37.9% and the unemployment rate is 19.8%, the highest of anywhere else in the nation and more than five times higher than the national unemployment rate.
How much money do you need a month to live comfortably?
It helps to use what’s called the 50-30-20 rule. In general, you’ll want your monthly necessities (housing, transportation, etc) to be around 50% of your monthly net income. This means it should be under $2,000 based on a $60,000 income. That is where the 50 in the 50-20-30 rule comes from.