What does a Insurance Agent salary really buy you in Rhode Island?
Rhode Island is 4.7% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Rhode Island's Regional Price Parity (RPP) is 104.7, meaning prices are 4.7% higher the national average. A Insurance Agent earning $74,360 in Rhode Island has the equivalent purchasing power of $71,021 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Rhode Island's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $44,470 | $42,473 | $-1,996 |
| 25th Percentile (P25) | $49,890 | $47,650 | $-2,239 |
| Median (P50) | $74,360 | $71,021 | $-3,338 |
| 75th Percentile (P75) | $101,920 | $97,344 | $-4,575 |
| 90th Percentile (P90) | $132,240 | $126,303 | $-5,936 |
While $74,360 sounds high, Rhode Island's elevated cost of living erases 4% of that salary's purchasing power. Your real buying power is $71,021. Consider whether the higher pay offsets the higher costs.
Where does Insurance Agent salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Rhode Island ranks #8 out of 50 states for Insurance Agent after cost-of-living adjustment.
Some links are affiliate links. See our disclosure.
A Insurance Agent in Rhode Island earns a median salary of $74,360 per year. After adjusting for Rhode Island's cost of living (RPP=104.7), the real purchasing power is $71,021 — a -4.5% difference.
Rhode Island's cost of living is 4.7% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Rhode Island is 104.7 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Insurance Agent in Rhode Island: $74,360 x (100 / 104.7) = $71,021. This represents what the salary would be worth in a state with average living costs.
Partially — a Insurance Agent's nominal salary of $74,360 in Rhode Island has 4.5% less purchasing power due to higher living costs. The real value is $71,021. However, Rhode Island may offer better career opportunities, networking, and industry access.