Cost of Living in Rhode Island
This week we review the cost of living in Rhode Island versus Massachusetts. Undoubtedly, it is more expensive to live in Massachusetts. Nevertheless, we start with the pros and cons for each state.
Pros and Cons of Living in RI
According to Travel Safe-Abroad, there are many reasons to love living in Rhode Island. The beautiful landscape is one! Who could argue with the beauty of Rhode Island’s coastline and the quaint coastal towns?
Also, there is a diverse cultural heritage in Rhode Island. As noted in the article, residents are Italian, French, Irish, Portuguese, Puerto Rican, Chinese, Guatemalan, and more. Furthermore, if someone is interested in education, Rhode Island is home to some of the most prestigious schools.
Though Rhode Island is just 37 miles wide and 48 miles long, students have various higher education options. Midsize universities, small private colleges, a prestigious art school, and an Ivy League institution are in Rhode Island. Many top Rhode Island colleges are in Providence, the state capital and third-largest city in the New England region.
Also, Rhode Island’s small size makes it easy to travel to states nearby. As such, it is beneficial in the case of nearby Massachusetts, one of the top five most expensive states.
The Points of Issue in Rhode Island
However, similar to the New England area, Rhode Island ranks number 14 on the list of expensive states in the US. Moreover, income taxes, property taxes, and sales taxes are high. In addition, this small state is densely populated. And with high tourist attractions and poor driving skills makes for a somewhat stressful experience at times. Lastly, winter is challenging, as most New Englanders are well aware. Yet the four seasons certainly create lovely landscapes. And this is true for Massachusetts as well, of course.
Pros and Cons of Living in Massachusetts
Overall, Massachusetts shares equally with Rhode Island in the education factor and the beautiful coastline and landscape. Regarding diversity, it is ranks high as well.
Connecticut was named the most diverse state in New England, ranking 14. Massachusetts and Rhode Island followed at 19 and 22, respectively.
For a perspective on wages, we turned to salary.com. And this is what the data looks like:
The cost of living in Boston is 43.4% higher than in Providence, RI. You would have to earn a salary of $86,010 to maintain your current standard of living.
Find Your Dream Home with The Dias Team
You need someone who knows this area inside and out! We can work with you to find the right home at the right price, including all the neighborhood amenities that matter – not to mention the essential criteria you have for your ideal home.
The Dias Team serves all of Rhode Island and Southeastern Massachusetts. For example, here’s a link to homes for sale in Westport, Massachusetts. As one of the most popular tourist destinations in Bristol County, Massachusetts, Westport offers beaches, fishing, and boating.