#19
Rhode Island
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State Facts
Minimum Wage
$10.10
Average Renter Wage
$13.70
2-Bedroom Housing Wage
$19.96
Number of Renter Households
165,492
Percent Renters
40%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$10.10/hr
Each week you
have to work
66HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| Total | 410,240 | 24,515 |
| Renter | 165,492 | 11,555 |
| Percent Renters | 40% | 47% |
| Housing Wage | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| Zero-Bedroom | $14.55 | $15.98 |
| One-Bedroom | $16.57 | $19.63 |
| Two-Bedroom | $19.96 | $25.06 |
| Three-Bedroom | $25.44 | $36.44 |
| Four-Bedroom | $30.21 | $44.13 |
| Fair Market Rent | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| Zero-Bedroom | $757 | $831 |
| One-Bedroom | $862 | $1,021 |
| Two-Bedroom | $1,038 | $1,303 |
| Three-Bedroom | $1,323 | $1,895 |
| Four-Bedroom | $1,571 | $2,295 |
| Annual Income Needed to Afford | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| Zero-Bedroom | $30,263 | $33,240 |
| One-Bedroom | $34,466 | $40,840 |
| Two-Bedroom | $41,526 | $52,120 |
| Three-Bedroom | $52,909 | $75,800 |
| Four-Bedroom | $62,843 | $91,800 |
| Minimum Wage | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| Minimum Wage | $10.10 | $10.10 |
| Rent Affordable at Minimum Wage | $525 | $525 |
| Work Hours/Week at Minimum Wage | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| Zero-Bedroom | 58 | 63 |
| One-Bedroom | 66 | 78 |
| Two-Bedroom | 79 | 99 |
| Three-Bedroom | 101 | 144 |
| Four-Bedroom | 120 | 175 |
| Renter Wage | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| Estimated Mean Renter Wage | $13.70 | $12.94 |
| Rent Affordable at Mean Renter Wage | $712 | $673 |
| Work Hours/Week at Mean Renter Wage | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| Zero-Bedroom | 42 | 49 |
| One-Bedroom | 48 | 61 |
| Two-Bedroom | 58 | 77 |
| Three-Bedroom | 74 | 113 |
| Four-Bedroom | 88 | 136 |
| Supplemental Security Income (SSI) Payment | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| SSI Monthly Payment | $790 | $790 |
| Rent Affordable to SSI Recipient | $237 | $237 |
| Income Levels | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| 30% of Area Median Income (AMI) | $24,415 | $28,230 |
| Estimated Renter Median Household Income | $33,364 | $43,375 |
| Rent Affordable at Different Income Levels | Rhode Island | Newport-Middleton-Portsmouth HMFA |
|---|---|---|
| 30% of Area Median Income (AMI) | $610 | $706 |
| Estimated Renter Median Household Income | $834 | $1,084 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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