Housing costs in Providence?
A typical home costs
$332,700, which is 1.6% less expensive than the national average of
$338,100 and 17.1% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Providence costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 4.3% cheaper than the state average of
$1,460.
Can I afford Providence?
To live comfortably in Providence (zip 02908), Rhode Island, a minimum annual income of
$63,720 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Providence?
The cost of living in 02908 Providence, RI is slightly higher than the national average. Housing costs are particularly high; the median home value in Providence is $237,500, well above the national median of $181,200. Groceries and transportation costs are also slightly higher than the national average but are still relatively affordable. Other expenses such as healthcare and utilities can be more expensive depending on where you live in the city. All in all, while living in Providence may be pricier than other cities across the US, it offers plenty of amenities to make up for it.