Cost of Living in Carolina, RI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
176.7
100 = national avg
+76.7 vs national average
Living Wage (1 Adult)
$77,750
per year
Living Wage (Family of 4)
$183,774
per year
Cost Index by Category
Housing201.3
Food144.1
Transportation188.1
Healthcare135.2
Utilities146.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,402
per month
2 Bedroom
$1,729
per month
The overall cost of living index in Carolina is 176.7, which is 76.7% above the national average. Housing costs are above the national average at an index of 201.3. A single adult needs to earn approximately $77,750 per year to cover basic expenses.