Housing costs in Providence?
A typical home costs
$372,900, which is 10.3% more expensive than the national average of
$338,100 and 7.1% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Providence costs
$1,410 per month, which is 1.4% cheaper than the national average of
$1,430 and close to the state average of
$1,430.
Can I afford Providence?
To live comfortably in Providence Rhode Isl County, Rhode Island, a minimum annual income of
$71,280 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Providence?
The cost of living in Providence, RI County is 8.8% higher than the US average. While the median value of a house in Providence is $372,900, this figure is still much lower than the national average of $338,100. Despite being slightly more expensive than other areas, living in Providence can be quite affordable for many people due to its low house prices. With its wide range of amenities and attractions, it's no wonder that so many people are choosing to call Providence home.