Here's what it costs to live in Providence, Rhode Island, based on the latest US government data. Renters pay a median of $1,333 per month, while the typical home is valued around $322,800. Households earn a median of $66,772 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 47. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$66,772
Annual · Census ACS
Median Gross Rent
$1,333
Per month · Census ACS
Median Home Value
$322,800
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
5.99%
Top marginal rate
State Sales Tax
7.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
190,214
Latest estimate
Median Age
32.9 yrs
Census ACS
Average AQI
47.0
Source: EPA AirNow
What is the cost of living index for Providence?
The cost of living index for Providence is not yet available in our database.
What is the median rent in Providence?
The median gross rent in Providence is $1,333 per month according to US Census ACS data.
What is the median household income in Providence?
The median household income in Providence is $66,772 per year.
What is the median home value in Providence?
The median home value in Providence is $322,800 based on the latest Census ACS survey.
How is the air quality in Providence?
Providence has an average Air Quality Index (AQI) of 47.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Providence?
Rhode Island has a top state income tax rate of 5.99% and a statewide sales tax of 7.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology