Here's what it costs to live in Providence, Rhode Island, based on the latest US government data. Renters pay a median of $1,408 per month, while the typical home is valued around $362,200. Households earn a median of $68,119 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 38. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$68,119
Median Income / yr
Census ACS
$1,408
Median Rent / mo
Census ACS
$362,200
Median Home Value
Census ACS
N/A
Cost of Living Index
1BR Fair Market Rent
N/A
HUD · FY2024
2BR Fair Market Rent
N/A
HUD · FY2024
3BR Fair Market Rent
N/A
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | N/A |
| Registered Nurse | N/A |
| Elementary Teacher | N/A |
| Electrician | N/A |
| Accountant | N/A |
| Plumber | N/A |
| Nurse Practitioner | N/A |
| Civil Engineer | N/A |
| Operations Manager | N/A |
| Market Research Analyst | N/A |
| Health Services Manager | N/A |
| Truck Driver | N/A |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
191,767
Latest estimate
Median Age
32.8 yrs
Census ACS
38.0
Good0 = clean · 50 = moderate boundary · lower is better
Source: EPA AirNow
Total Neighborhoods
13
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,229
Per month
Avg Home Value
$312,818
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 02860 | — | $1,040 | $268,100 |
| ZIP 02903 | — | $1,445 | $359,600 |
| ZIP 02904 | — | $1,138 | $280,200 |
| ZIP 02905 | — | $1,104 | $296,700 |
| ZIP 02906 | — | $1,601 | $576,600 |
| ZIP 02907 | — | $1,085 | $270,500 |
| ZIP 02908 | — | $1,244 | $273,500 |
| ZIP 02909 | — | $1,152 | $251,100 |
| ZIP 02910 | — | $1,240 | $275,200 |
| ZIP 02911 | — | $1,287 | $299,400 |
Showing top 10 of 13 tracked neighborhoods.
January Avg
30°F
July Avg
74°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Continental · Source: NOAA/NCEI 30-year normals.
Healthcare Score
31.5
poor
Hospitals
6
Doctors per 1,000
1.00
Insurance Coverage
92.6%
The cost of living index for Providence is not yet available.
The median gross rent in Providence is $1,408 per month according to US Census ACS data.
The median household income in Providence is $68,119 per year.
The median home value in Providence is $362,200 based on the latest Census ACS survey.
Providence has an average Air Quality Index (AQI) of 38.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
Tax data for Rhode Island is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
