What does a Ship Engineers 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 Ship Engineers earning $123,700 in Rhode Island has the equivalent purchasing power of $118,147 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) | $93,320 | $89,130 | $-4,189 |
| 25th Percentile (P25) | $96,720 | $92,378 | $-4,341 |
| Median (P50) | $123,700 | $118,147 | $-5,552 |
| 75th Percentile (P75) | $136,850 | $130,706 | $-6,143 |
| 90th Percentile (P90) | $155,990 | $148,987 | $-7,002 |
While $123,700 sounds high, Rhode Island's elevated cost of living erases 4% of that salary's purchasing power. Your real buying power is $118,147. Consider whether the higher pay offsets the higher costs.
Where does Ship Engineers salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Rhode Island ranks #6 out of 24 states for Ship Engineers after cost-of-living adjustment.
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A Ship Engineers in Rhode Island earns a median salary of $123,700 per year. After adjusting for Rhode Island's cost of living (RPP=104.7), the real purchasing power is $118,147 — 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 Ship Engineers in Rhode Island: $123,700 x (100 / 104.7) = $118,147. This represents what the salary would be worth in a state with average living costs.
Partially — a Ship Engineers's nominal salary of $123,700 in Rhode Island has 4.5% less purchasing power due to higher living costs. The real value is $118,147. However, Rhode Island may offer better career opportunities, networking, and industry access.