Salary & Cost of Living in Cranston, RI
Cranston, RI: $60,000 median salary, cost of living index 104, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$60,000
$29/hr
Cost of Living
104
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
3.5%
rate
Cranston, RI Overview
Population
82,934
Median Salary
$60,000
Average Salary
$66,000
Avg Commute
24 min
Median Home Price
$300,000
Median Rent
$1,300/mo
Job Growth
+1%
Sales Tax
7%
Cranston is located in Rhode Island with a population of 82,934. The median household salary is $60,000 per year ($29/hour), which is $616 above the national median of $59,384. The average commute time is 24 minutes, and the city has a job growth rate of +1%.
Cranston Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Cranston, RI, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,399
$3,949.88/month · $1,823.02/biweekly · Effective Rate: 21.0%
Gross Pay
$60,000
Federal Tax
-$5,162
State Tax
-$2,850
Local Tax
$0
FICA
-$4,590
Net Pay
$47,399
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,000.00 | $60,000.00 |
| Federal Income Tax | -$430.13 | -$5,161.50 |
| Rhode Island State Tax (4.75%) | -$237.50 | -$2,850.00 |
| Social Security (6.2%) | -$310.00 | -$3,720.00 |
| Medicare (1.45%) | -$72.50 | -$870.00 |
| Net Take-Home Pay | $3,949.88 | $47,398.50 |
Salary Comparison: Cranston vs Other Cities
See how Cranston's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Cranston, RI | $60,000 | 104 | $57,692 |
| National Average | $59,384 | 100 | $59,384 |
| Tampa, FL | $60,000 | 102 | $58,824 |
| Idaho Falls, ID | $60,000 | 93 | $64,516 |
| Joliet, IL | $60,000 | 90 | $66,667 |
| Kansas City, MO | $60,000 | 90 | $66,667 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Cranston
Cranston's cost of living index is 104 (national average = 100). Living in Cranston is 4% more expensive than the national average.
Median Home Price
$300,000
Median Monthly Rent
$1,300
Annual Rent Cost
$15,600
Your Salary's Purchasing Power
Your $47,399 annual take-home pay in Cranston has the purchasing power of approximately $45,575 in an average-cost US area. You would need to earn $62,400 in Cranston to match a $60,000 salary in an average-cost city.
Top Industries in Cranston
Cranston's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $60,000.
Salary Tips for Cranston Workers
- Research top industries. Cranston's top industries include Healthcare, Manufacturing, Education. Targeting roles in these sectors can help you earn above the $60,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Cranston, RI?
The median salary in Cranston, RI is $60,000 per year, or $29 per hour. The average salary is $66,000. This is $616 above the national median of $59,384.
What is the cost of living in Cranston, RI?
Cranston's cost of living index is 104 (national average = 100), meaning it is 4% more expensive compared to the national average. The median home price is $300,000 and the median monthly rent is $1,300.
What are the best industries in Cranston?
The top industries in Cranston, RI include Healthcare, Manufacturing, Education. The city has a job growth rate of 1% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $60,000.
How does Cranston's salary compare to other cities?
Cranston's median salary of $60,000 is 1.0% above the national median of $59,384. However, when adjusted for cost of living (index: 104), the real purchasing power is approximately $57,692.
What is the minimum wage in Cranston, RI?
The minimum wage in Cranston, RI is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.