Narragansett Pier cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNarragansett PierRhode IslandNational
Cost of living index147121100
IndexNarragansett PierRhode IslandNational
Goods & Services index123123100
Groceries index111111100
Health care index117117100
Housing index211126100
Transportation index111111100
Utilities index126126100
The above illustration supplies generalized information for the Narragansett Pier, RI cost of living index. Compared to other cities in Rhode Island and cities across the country, the cost of living index in Narragansett Pier, RI is 147, which is 21% higher than the Rhode Island average and 47% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Narragansett Pier, RI are equal to the average for Rhode Island and 23% higher than the rest of the country.

Did you know?

  • The cost of living in Narragansett Pier is 21% higher than the Rhode Island average.
  • The cost of living in Narragansett Pier is 47% higher than the national average.
  • The cost of housing in Narragansett Pier is 111% higher than the national average.
  • Rhode Island general sales tax is 37% higher than the national average.
  • Rhode Island state income tax is 69% higher than the national average.

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Compare Narragansett Pier, RI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Narragansett Pier, RI to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Narragansett Pier, RI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Narragansett Pier, RI salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$94,216$7,851$2,198$2,827
Renters$38,311$3,193$894$1,149
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Narragansett Pier, RI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Narragansett Pier, RI has a median income of about $94,216 for people who own homes. Based on that number, a person should spend a maximum of $2,198 on expenses related to housing. Renters have a slightly different median income, which is $38,311. Based on this average, renters should spend no more than $894 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Rhode Island Sales Tax

StateGeneral Sales TaxWith Max Surtax
Rhode Island7%7%

Rhode Island Income Tax

StateIncome Tax (Low)Income Tax (High)
Rhode Island3.75%5.99%
When you are determining the total cost of living in Narragansett Pier, RI you will want to make sure you consider both the Rhode Island sales tax and the Rhode Island income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Rhode Island is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Rhode Island have a range from 3.75% to 5.99%.

Goods & Services

ItemNarragansett PierNational avg.Difference
Haircut $15.00$14.592.8%
Beauty Salon $40.00$34.6815.3%
Toothpaste $2.50$2.471.1%
Shampoo $1.25$1.0222.3%
Movie $11.75$9.8719.1%
Bowling $4.75$4.398.2%

Groceries

ItemNarragansett PierNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.59$1.468.6%
Milk $3.39$2.3643.8%
Potatoes $3.99$3.0630.3%
Pizza $8.50$9.248.0%
Beer $8.32$8.633.6%

Health Care

ItemNarragansett PierNational avg.Difference
Optometrist $125.00$99.7825.3%
Doctor $149.00$105.0341.9%
Dentist $98.00$88.7010.5%
Ibuprofen $10.25$9.418.9%
Lipitor $293.99$298.501.5%

Housing

ItemNarragansett PierNational avg.Difference
Home Price $443,400.00$175,700.00152.4%
Avg. Mortgage Payment $1,392.30$1,081.0328.8%
Apartment Rent $1,061.00$920.0015.3%

Transportation

ItemNarragansett PierNational avg.Difference
Gasoline $2.33$2.0911.4%
Tire Balancing $49.00$45.298.2%

Utilities

ItemNarragansett PierNational avg.Difference
All Electricity$213.54$170.8025.0%
Phone $36.19$28.2628.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Tiverton, RI7,30012222%
Wyoming, RI15612525%
Wakefield-Peacedale, RI8,91112828%
Hope Valley, RI1,69613131%
Newport East, RI10,95313131%
Narragansett Pier, RI3,74914747%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Whitesboro, NY3,74990-10%
West Liberty, IA3,75088-12%
Broadway, VA3,748100-0%
Spurgeon, TN3,74789-11%
Golden Triangle, NJ3,75112020%
Narragansett Pier, RI3,74914747%
Source: The Narragansett Pier, RI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.