And that's if you can find it
A full-time worker in Rhode Island must earn $33.95 per hour — or $70,617 annually — to afford a modest two-bedroom apartment at today’s Fair Market Rent (FMR), up from $31.71 per hour in 2025. This is Rhode Island’s “2026 Housing Wage” according to Out of Reach, a report published jointly by the National Low Income Housing Coalition (NLIHC) and the Housing Network of Rhode Island.
From a press release
Released annually, Out of Reach underscores
the significant disparity that exists between actual wages and the wages people
need to earn to afford their rents nationwide, reflecting the broader trend of
rising income inequality across the U.S. The report’s “Housing Wage” is an estimate
of the hourly wage full-time workers must earn to afford a rental home at FMR
without spending more than 30% of their incomes.
In Rhode Island, the FMR for a two-bedroom apartment is
$1,765. To afford this level of rent and utilities without paying more than 30%
of income on housing, a household must earn $5,885 monthly or $70,617 annually.
This level of income translates into an hourly Housing Wage
of $33.95. The average Rhode Island renter earns only $19.24 per hour. Minimum
wage is just $16 an hour.








