Housing costs in Providence?
A typical home costs
$350,800, which is 3.8% more expensive than the national average of
$338,100 and 12.6% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Providence costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 4.0% more than the state average of
$1,430.
Can I afford Providence?
To live comfortably in Providence, Rhode Island, a minimum annual income of
$67,320 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Providence?
Providence, RI offers a good quality of life despite being one of the more expensive states in America. With that said, it does boast a livable cost of living index - rental rates are about 10% cheaper than that in Boston and most groceries tend to be much more budget-friendly as well.