Rhode Island Income Statistics The following data are the most current income statistics for Rhode Island from the US Census Bureau, are in 2020 inflation adjusted dollars and are from the American Community Survey 2020 5-year estimates. Median Household Income: $70,305. Average Household Income: $92,427.
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 |
Is Ri a rich state?
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 the per capita income of Rhode Island?
In 2021, the per capita personal income in Rhode Island was 61,942 U.S. dollars. Per capita personal income is calculated as the personal income of the residents of a given area divided by the resident population of the area.
What is the poverty level in Rhode Island?
The median household income in Rhode Island is $63,296. The poverty line is $24,860 for a family of four. 12.9% of Rhode Island residents live in poverty.
What salary is upper class?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is the poorest city in Rhode Island?
Central Falls, 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 considered a good salary in Rhode Island?
Above Average Salary in Rhode Island
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $74,881 | $1,440 |
| 75th Percentile | $61,402 | $1,180 |
| Average | $57,145 | $1,098 |
| 25th Percentile | $30,950 | $595 |
Is Rhode Island the poorest state?
How does the Poverty Rate in Rhode Island compare to the national average? Rhode Island ranks 23rd in Poverty Rate at 13.4%(poverty rankings by state).
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 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 |
What is the cost of living in Rhode Island?
An amount below 100 means Rhode Island is cheaper than the US average. A cost of living index above 100 means Rhode Island, Rhode Island is more expensive.
Rhode Island cost of living is 110.6.
| COST OF LIVING | Rhode Island | United States |
|---|---|---|
| Grocery | 106.5 | 100 |
| Health | 81.9 | 100 |
| Housing | 123.4 | 100 |
| Median Home Cost | $375,800 | $291,700 |
Is Narragansett a wealthy town?
Here Are The 10 Richest Cities In Rhode Island
East Greenwich comes in first with a median household income of $142,648. In second place is Barrington, with a median family income of $137,115. Beachside Narragansett comes in third, with an average of $115,212.
What is considered low income?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
How much is gas tax in RI?
01) increment. The current motor fuel tax rate as of 10/04/2021 is $. 34 per gallon.
What is the income limit for Medicaid in RI?
You must also be one of the following: Pregnant, or.
Who is eligible for Rhode Island Medical Assistance (Medicaid)?
| Household Size* | Maximum Income Level (Per Year) |
|---|---|
| 1 | $18,075 |
| 2 | $24,353 |
| 3 | $30,630 |
| 4 | $36,908 |
How many Americans make over $100000 per year?
About 30.7% of households earned over $100,000 in 2020. In 2019, around 15.5% of Americans earned between $100,000 and $149,999; about 8.3% of the population earned between $150,000 and $199,999; and about 10.3% of the population earned over $200,000.
What is a good net worth by age?
The average net worth for U.S. families is $748,800. The median — a more representative measure — is $121,700.
Average net worth by age.
| Age of head of family | Median net worth | Average net worth |
|---|---|---|
| 35-44 | $91,300 | $436,200 |
| 45-54 | $168,600 | $833,200 |
| 55-64 | $212,500 | $1,175,900 |
| 65-74 | $266,400 | $1,217,700 |
Are doctors High class?
Most people in the upper-middle class strata are highly educated white collar professionals such as physicians, dentists, lawyers, accountants, engineers, military officers, economists, urban planners, university professors, architects, stockbrokers, psychologists, scientists, actuaries, optometrists, physical
Who is the largest employer in Rhode Island?
Detailed List Of The 100 Biggest Companies In Rhode Island
| Rank | Company | Employees |
|---|---|---|
| 1 | CVS Health | 295,000 |
| 2 | Cohoes Fashions | 47,000 |
| 3 | United Natural Foods | 19,000 |
| 4 | Citizens Financial Group | 18,100 |
Is Rhode Island a good state for retirees?
Rhode Island offers retirees a slightly lower cost of living and lower tax rates than most of New England. It also has a unique location that provides a small town lifestyle close to some of the nation’s largest cities.
