Housing costs in Providence?
A typical home costs
$483,800, which is 43.1% more expensive than the national average of
$338,100 and 5.2% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Providence costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 9.4% cheaper than the state average of
$1,280.
Can I afford Providence?
To live comfortably in Providence, Utah, a minimum annual income of
$92,520 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Providence?
Providence, UT has a reasonable cost of living that is slightly below the national average. The median home value in Providence is $208,800 while the national median is $219,700. Additionally, the cost of living index in Providence falls at 96.3 which is lower than the national index of 100. Tax rates are also favorable for residents with no state sales tax and low property taxes. All of these factors contribute to an affordable cost of living in Providence making it an attractive place to live and work for those looking for a good balance between lifestyle and affordability.