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.
Median Household Income
$68,119
Annual · Census ACS
Median Gross Rent
$1,408
Per month · Census ACS
Median Home Value
$362,200
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
| 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
Average AQI
38.0
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,501
Per month
Avg Home Value
$374,400
Census ACS
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%
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 $1,408 per month according to US Census ACS data.
What is the median household income in Providence?
The median household income in Providence is $68,119 per year.
What is the median home value in Providence?
The median home value in Providence is $362,200 based on the latest Census ACS survey.
How is the air quality in Providence?
Providence has an average Air Quality Index (AQI) of 38.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Providence?
Tax data for Rhode Island is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
