EAST PROVIDENCE – The city was named the top municipality in Rhode Island to live with a $50,000-per-year salary in a report from GoBankingRates released last week.
Each state had a city in the report. Cities included were required to have a minimum of 5,000 residents and an annual median income of $45,000 to $55,000. The report then measured cost-of-living expenses in relationship to $50,000.
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East Providence was said to have an annual-necessities cost of $39,701.21, leaving a remainder of $10,298.79 per year. It had the second-highest annual-necessity cost of cities on the list, only ahead of Burlington, Vt.
The municipality with the lowest cost-of-living expenses on the list was Austin, Minn., with an annual-necessities cost of $26,171.95.
The measured costs in the study included rent, groceries, utilities, transportation and health care, among other things.
