How much rent can you afford in Narragansett, RI?
Run your salary against Narragansett's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Narragansett
At a median rent of $2,653/mo, Narragansett is moderately stretched when measured against Rhode Island median income of $84,972/yr. Rent would consume roughly 37% of pre-tax income, and a salary of about $106,120 keeps rent at the recommended 30% threshold.
Based on Rhode Island median income. Narragansett-specific income data isn't available yet, so state-level medians are used as a proxy.
How Narragansett compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Narragansett?
On a $84,972 salary (the Rhode Island median income), the recommended ceiling is 30% of pre-tax income, or about $2,124/mo. Narragansett's median rent is $2,653/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Narragansett?
To keep Narragansett's $2,653/mo median rent under 30% of income, you'd need about $106,120/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Narragansett affordable on the median Rhode Island income?
Narragansett is moderately stretched on a $84,972 income. Rent would take 37% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".