Jamestown, located west of Newport, is actually the richest community in the state. Other notable affluent areas include Barrington and East and West Greenwich. Besides these areas, Rhode Island is mostly a middle-income state, as a majority of the population lives in the urban city Providence.
How many millionaires live in Rhode Island?
According to the study, there are 418,815 total households in Rhode Island with 6.22% of them being millionaires. “The Phoenix Wealth and Affluent Monitor (W&AM) U.S. Sizing Report is intended to provide estimates of the number of affluent and HNW households in the country.
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 |
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 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.
What is the richest town in Rhode Island?
Jamestown, located west of Newport, is actually the richest community in the state. Other notable affluent areas include Barrington and East and West Greenwich. Besides these areas, Rhode Island is mostly a middle-income state, as a majority of the population lives in the urban city Providence.
Who is the richest person in the state of Rhode Island?
In 2016, their family was ranked the third richest family in America by Forbes. Providence, Rhode Island, resident Jonathan Nelson is the founder and CEO of Providence Equity. The company owns stakes in over 160 companies, including part of the Spanish-language channel Univision.
What billionaire lives in Rhode Island?
The wealthiest person in Rhode Island and the only billionaire in the state is Jonathan Nelson. He has a net worth of $2.2 billion which ranks him number 1580 in the entire world for wealth.
How many billionaires are in RI?
1 billionaire
The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925.
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.
How many mansions are in Newport RI?
11 Newport Mansions
A List of the 11 Newport Mansions.
Is Barrington RI rich?
Barrington, just southeast of Providence, actually has the highest per capita income in the state, according to the U.S. Census Bureau’s 2012-2016 American Community Survey 5-Year Estimates. Per capita income for Barrington was $59,464.
Is Rhode Island a poor state?
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.
Where should I not live in Rhode Island?
The 20 Worst Places to Live in Rhode Island
- Woonsocket.
- Pascoag.
- North Smithfield.
- Harmony.
- Harrisville.
- Pawtucket. Pawtucket is a decently sized town of around 71,844 people.
- Valley Falls. In fairness, there are worst places to live in Rhode Island than Valley Falls.
- Tiverton. Tiverton is a small city of 7,804 people.
What is the prettiest place in Rhode Island?
20 Most Beautiful Places in Rhode Island
- The Breakers.
- Colt State Park.
- Marble House.
- Prospect Terrace Park.
- Narragansett Beach.
- Beavertail Lighthouse.
- Easton’s Beach.
- Brown University Campus.
What is the best city to live in in Rhode Island?
Best Cities to Live in Rhode Island
| Rank | City |
|---|---|
| 1 | Cranston |
| 2 | Providence |
| 3 | Warwick |
| 4 | Cumberland |
What is middle class in Rhode Island?
The middle class is usually defined as the group of earners in the center of the earning scale.
How much you have to earn to be middle class in every state.
| State | Middle-class income | Median household income |
|---|---|---|
| Alaska | $63,873 | $75,463 |
| Connecticut | $63,375 | $78,833 |
| New Hampshire | $62,890 | $77,933 |
| Rhode Island | $62,691 | $71,169 |
Is Newport Rhode Island Expensive?
Newport, Rhode Island’s cost of living is 40% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
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 |
Where do the richest people live?
- New York: 107 billionaires. Since last year: +8. Total net worth: $640.4 billion (+$797.9 billion vs.
- Beijing: 83 billionaires. Since last year: -17.
- Hong Kong: 68 billionaires. Since last year: -12.
- London: 66 billionaires. Since last year: +3.
- Shanghai: 61 billionaires. Since last year: -3.
Is Rhode Island expensive to live?
Providence, Rhode Island’s cost of living is 22% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
