Rhode Island is one of the northern states, so people usually expect for the job market statistics to be higher than the national average. To see if this assumption is correct, continue reading below.
Rhode Island families make about $53,636 annually, which is only 0.5% less than what they made the previous year and 7.82% less than what they made three years ago. The unemployment rate, at 10.5%, is higher than the U.S. average. This is likely due to the 2.52% decline in the job growth rate.
The cost of living in Rhode Island is 125.5, so if you assumed it was more expensive to live here than most other states, you were correct.