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State economy

Rhode Island economy

Rhode Island's unemployment rate was 3.6% in September 2026, down from 3.7% the month before and 4.3% a year earlier. That ranks 23 of 51 (1 = lowest); the national rate was 4.1%. Employers had 0.51 million jobs on their payrolls in September 2026, a loss of 700 (-0.1%) from a year earlier. Home prices (FHFA index) were +5.0% from a year earlier in Q2 2026. Median household income was $96,880 in 2025.

3.6%
unemployment rate
September 2026
Unemployment rate3.6%Rank 23 of 51 (1 = lowest)
10-year range2.7–17.9%Low Mar 2023 · high Apr 2020
Nonfarm jobs0.51M-0.1% in a year · rank 45
Home prices (FHFA)+5.0%1-year change · Q2 2026 · 5-yr +56%
Median household income$96,8802025 · rank 16 of 51

Rhode Island: unemployment rate

Rhode Island unemployment rateLine chart from Jan 1, 2006 to Sep 1, 2026. Latest 3.6%; high 17.9% on Apr 1, 2020; low 2.7% on Mar 1, 2023.0%5%10%15%20%20082010201220142016201820202022202420263.6%High 17.9%Low 2.7%

Rhode Island: jobs, change from a year earlier

Rhode Island nonfarm jobs, 12-month changeLine chart from Jan 1, 2001 to Sep 1, 2026. Latest -0.1%; high +19.2% on Apr 1, 2021; low -20.7% on Apr 1, 2020.-30%-20%-10%0%10%20%20052010201520202025-0.1%High +19.2%Low -20.7%

Rhode Island: home prices, change from a year earlier

Rhode Island FHFA house price index, 12-month changeLine chart from Jan 1, 2001 to Apr 1, 2026. Latest +5.0%; high +22.1% on Jul 1, 2004; low -10.4% on Oct 1, 2008.-20%-10%0%10%20%30%20052010201520202025+5.0%High +22.1%Low -10.4%

Rhode Island: median household income

Rhode Island median household incomeLine chart from Jul 1, 1984 to Jul 1, 2025. Latest $96,880; high $96,880 on Jul 1, 2025; low $21,610 on Jul 1, 1984.$20,000$40,000$60,000$80,000$100,0001990199520002005201020152020$96,880Low $21,610

Other states

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Sources: U.S. Bureau of Labor Statistics (unemployment, nonfarm payrolls; seasonally adjusted), Federal Housing Finance Agency (all-transactions house price index), U.S. Census Bureau (median household income, current dollars), via FRED. US unemployment rate: 4.1% (October 2026).