Rhode Island Rent vs Buy Calculator — Updated 2026
State abbreviation: RI
In Rhode Island, the median home price is $415,000, and property taxes are 1.63% annually. Homeowners insurance averages $1440/year. Use this calculator to compare the long-term costs of renting versus buying given Rhode Island's specific market conditions and tax environment.
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Rhode Island Financial Data (2026)
- State Tax Rate
- 3.75%
- Property Tax Rate
- 1.63%
- Median Home Price
- $415,000
- Avg Insurance Cost
- $1,440/year
- Cost of Living Index
- 120
- State Abbreviation
- RI