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Cost of Retiring in Rhode Island (RI) 2026

Rhode Island taxes Social Security for higher earners (AGI over $101,000 single / $126,250 joint).

5.99%
Top Income Tax Rate
102.3
Cost of Living Index (Near average)
Yes
Taxes Social Security
$2,156
Est. State Tax on $60K Income

Tax on $60,000 Retirement Income

Gross annual income$60,000
Top state income tax rate5.99%
Estimated effective rate3.6%
Estimated annual state tax$2,156
Monthly tax impact$180
After-tax income$57,844

5 Cheapest Alternative States

StateRateEst. Tax on $60K
AlaskaNo tax$0
FloridaNo tax$0
NevadaNo tax$0
New HampshireNo tax$0
South DakotaNo tax$0

Moving from Rhode Island to Alaska could save ~$2,156/year in state income tax alone.

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Source: IRS Rev. Proc. 2025-32, BEA Regional Price Parities (2024 vintage), SSA 2026 bend points. Tax estimates use a 60% effective factor on the top marginal rate as a simplified model. Consult a tax professional for your specific situation. Not financial advice.

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