According to data from ClosingCorp, the average closing cost in Rhode Island is $4,618.81 after taxes, or approximately 1.15% to 1.54% of the final home sale price.
Across the state, the average home sells for between $300,000 and $400,000. If you buy a property in that range, expect to pay between $3,464.11 and $6,158.41 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $300,000 to $400,000 |
| Average total closing cost | $4,618.81 |
| Expected closing cost range | $3,464.11 to $6,158.41 |
| Percentage of closing cost to home sale price | 1.15% to 1.54% |
Buyers and sellers in Rhode Island pay an average of $1,638.85 in tax combined for the closing. This accounts for 35.48% of the total average closing cost in Rhode Island.
| Value | |
|---|---|
| Average tax paid | $1,638.85 |
| Percentage of total closing cost | 35.48% |
The closing costs for buying a home in Rhode Island are above the national average after accounting for taxes. It’s 26 in our rankings which rates states from lowest to highest closing cost.
| Average total closing cost in Rhode Island | Ranking* | |
|---|---|---|
| Before taxes | $2,979.96 | 25 |
| After taxes | $4,618.81 | 26 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Rhode Island.
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