Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Rhode Island and Wyoming. Updated for 2026.
Metric
Rhode Island
Wyoming
Median Home Price
$425K
$340K
Property Tax Rate
1.53%
0.61%
Avg Closing Costs
$7K
$4K
Closing Cost %
1.7%
1.1%
Transfer Tax
0.46%
None
Homeowners Insurance
$2,200/yr
$1,800/yr
First-Time Buyer Program
RIHousing First Homes
10K DPA forgivable
WCDA Spruce Up Wyoming
Below-market rate loans
Verdict
Wyoming wins 6 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $340K and lower overall costs, Wyoming offers meaningful savings compared to Rhode Island. Both states offer first-time buyer programs — explore the state pages for full details.