Housing costs in Providence?
A typical home costs
$631,800, which is 86.9% more expensive than the national average of
$338,100 and 57.5% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Providence costs
$1,830 per month, which is 28.0% more than the national average of
$1,430 and 20.2% more than the state average of
$1,460.
Can I afford Providence?
To live comfortably in Providence (zip 02906), Rhode Island, a minimum annual income of
$120,960 for a family, and
$60,800 for a single person is recommended.
What does A.I. say about Providence?
The cost of living in 02906 Providence, RI is relatively high compared to other areas. The overall cost of living index for the area is 140.7, which is almost 40 points above the United States average of 100. Groceries, housing, transportation and healthcare are all more expensive than the national average. Although these costs can be higher than in other areas, Providence has a wealth of cultural attractions, restaurants and entertainment venues that make it an attractive option for many people.