Housing costs in Providence?
A typical home costs
$293,400, which is 13.2% less expensive than the national average of
$338,100 and 26.9% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Providence costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 8.1% cheaper than the state average of
$1,460.
Can I afford Providence?
To live comfortably in Providence (zip 02907), Rhode Island, a minimum annual income of
$56,160 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Providence?
The cost of living in 02907 Providence, RI is relatively high compared to other cities around the country. Utility costs tend to be more expensive, and rents are often higher than average. The overall cost of groceries and other items is also higher due to the area’s large metropolitan population. For those looking to purchase a home, the median home price for 02907 Providence is $226,300, which is 13% higher than the national median home value of $200,000. Despite being slightly pricier than other areas, 02907 still remains an attractive option for those who wish to enjoy all that Providence has to offer.