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Cost of living in Providence, RI

Livability score 58 · cost-of-living index 101.5 (US = 100)

Providence, RI
Photo: Quintin Soloviev via Commons · CC BY 4.0

How Providence compares

Where Providence falls within the range of all 200 metros (marker = this city).

Cost-of-living index (US=100) 85 118 Cost-of-living index (US=100): 102 — range 85 to 118 across all metros 102 Median home price $149k $1610k Median home price: $525k — range $149k to $1610k across all metros $525k Price per sqft (more house = lower) $88 $1074 Price per sqft (more house = lower): $328 — range $88 to $1074 across all metros $328 Combined sales tax 0.0% 11.5% Combined sales tax: 7.0% — range 0.0% to 11.5% across all metros 7.0% Property tax rate 0.28% 2.76% Property tax rate: 1.31% — range 0.28% to 2.76% across all metros 1.31% Violent crime (per 100k, state avg) 110 1,000 Violent crime (per 100k, state avg): 240 — range 110 to 1,000 across all metros 240 Electricity (¢/kWh) 12.3 46.6 Electricity (¢/kWh): 28.3 — range 12.3 to 46.6 across all metros 28.3 Avg summer high (°F) 65° 104° Avg summer high (°F): 82° — range 65° to 104° across all metros 82° Avg winter low (°F) -2° 72° Avg winter low (°F): 21° — range -2° to 72° across all metros 21°

Map of Providence

Grocery stores, parks, golf courses and more — real listings. Toggle categories in the legend.

Map data © OpenStreetMap contributors · business listings via Google Maps

Cost of living

MetricValueScopeUS rank
Cost-of-living index (US=100) 101.5 metro-area #151 of 200
Grocery index (US=100) 98.4 metro-area #147 of 200
Big Mac price (est.) $5.78 metro-area #151 of 200
Median household income $81,136 metro-area #55 of 200
Median wage (all occupations) $45,920 metro-area #35 of 200

Who lives here

MetricValueScopeUS rank
Median age 40.6 years metro-area #158 of 200
Bachelor's degree or higher (25+) 35.0% metro-area #85 of 200
Foreign-born residents 14.3% metro-area #44 of 200
Homes that are owner-occupied 62.9% metro-area #144 of 200

Economy

MetricValueScopeUS rank
Unemployment rate 5.82% metro-area #145 of 200
Population growth (5-yr) +3.6% metro-area #107 of 200

Housing — what your money buys

MetricValueScopeUS rank
Median home price $524,867 metro-area #168 of 200
Home price ÷ income (affordability) 6.5× metro-area #174 of 200
1-yr home appreciation +3.1% metro-area #45 of 200
Price per square foot $328 metro-area #179 of 200
Typical home size (implied) 1,600 sqft
Median rent (monthly) $2,163 metro-area #170 of 200
Homes for sale (inventory) 2,912
Median days on market 10 metro-area #52 of 200

Taxes

MetricValueScopeUS rank
Total tax burden (est. % of income) 11.4% state #147 of 200
Combined sales tax 7.00% state #64 of 200
State income tax (top rate) 5.99%
Capital gains tax 5.99% state #139 of 200
High earners No special surtax
Social Security in retirement Taxed — taxes Social Security benefits, but income thresholds and age rules exempt many retirees — check the state's own limits before assuming you would owe
Effective property tax rate 1.31% metro-area #133 of 200
Median property tax paid $4,681 metro-area #170 of 200

Health & childcare

MetricValueScopeUS rank
Life expectancy at birth 78.3 years metro-area #56 of 200
Healthcare (annual, single adult) $7,600 state #179 of 200
Uninsured (share of residents) 4.5% metro-area #12 of 200
Primary care providers per 100k 81 metro-area #79 of 200
Childcare (annual, infant, center) $13,000 state #131 of 200

Vehicles & commute

MetricValueScopeUS rank
Annual registration $100 state #83 of 200
Vehicle property tax (annual) None state #1 of 200
Emissions testing Required
Emissions detail Required in major metro counties
DMV & license offices 1
Avg commute to work 26 min metro-area #142 of 200
Commute by driving alone 74.9% metro-area #94 of 200
Solo drivers commuting 30+ min 37.1% metro-area #144 of 200

Utilities & fuel

MetricValueScopeUS rank
Electricity 28.3¢/kWh state #164 of 200
Avg monthly electric bill $255 state #164 of 200
Gasoline $3.35/gal state #111 of 200
Natural gas (avg monthly bill) $92 state #185 of 200
Water & sewer (avg monthly bill) $80 state #45 of 200
Home internet (avg monthly bill) $67 state #10 of 200

Insurance

MetricValueScopeUS rank
Home insurance (annual) $1,700 state #96 of 200
Auto insurance (annual) $2,100 state #126 of 200

Disaster risk & supplemental insurance

MetricValueScopeUS rank
Main natural hazards Notable hazards: hurricanes, flooding — separate flood/quake/windstorm policies may be needed.
FEMA National Risk Index (0–100, higher = more risk) 82.4 — Relatively Moderate metro-area #42 of 200
Flood insurance (annual, NFIP) $900 state #152 of 200
Earthquake insurance (annual) $100 state #1 of 200

Climate & air quality

MetricValueScopeUS rank
Air quality (median AQI, lower=cleaner) 42 metro-area #57 of 200
Cooling degree-days (AC load) 600 metro-area #14 of 200
Homes with air conditioning (state) 90% state #136 of 200
Heating degree-days (heat load) 5,700 metro-area #141 of 200
Days per year ≥ 90°F 9 metro-area #43 of 200
Days per year ≥ 100°F 0 metro-area #5 of 200
Avg summer high (state) 82°F metro-area #10 of 200
Avg winter low 21°F metro-area #146 of 200
Annual precipitation 47.5" metro-area #146 of 200
Annual snowfall 36.6" metro-area #150 of 200
Sunshine (% of possible) 56% metro-area #132 of 200
Plant hardiness zone 6b
Frost window 04-20 → 10-20

Safety

MetricValueScopeUS rank
Violent crime (per 100k, state avg) 240 state #13 of 200
Property crime (per 100k, state avg) 1,500 state #32 of 200

Local amenities & recreation

MetricValueScopeUS rank
Grocery stores 18 metro-area #180 of 200
Parks 45
Hiking areas 3
Golf courses 4
Shooting ranges 2
Lakes 5

Permits

MetricValueScopeUS rank
Building permit difficulty (1–5) 4 state #147 of 200
Permit detail Difficult; zoning + review

US rank = this metro's position among all 200 metros (1 = best: cheapest / safest / highest income, etc.). Childcare is a family cost, not included in the salary-equivalence total.

Top employers in Providence

Major public and private employers in the Providence, RI area.

EmployerSectorJobs
CVS Health Healthcare Careers →
Textron Inc. Aerospace/Defense Careers →
Lifespan Health Healthcare Search →
Citizens Bank Finance Careers →
Brown University Education Search →
Amica Mutual Insurance insurance Careers →

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