Housing costs in Providence?
A typical home costs
$307,800, which is 9.0% less expensive than the national average of
$338,100 and 23.3% less expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Providence costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 7.4% cheaper than the state average of
$1,460.
Can I afford Providence?
To live comfortably in Providence (zip 02909), Rhode Island, a minimum annual income of
$59,040 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Providence?
The cost of living in 02909 Providence, RI is higher than the national average. The median home value is $241,000, which is significantly higher than the national median home value of $184,700. The median household income for 02909 Providence, RI is also above the national average at $64,539 per year. Renters in 02909 Providence can expect to pay an average rent of $1,396 per month. Utilities like electricity and gas are more expensive than average as well. Groceries and health care costs are slightly above the national average as well. Despite these higher costs of living, many people find that 02909 Providence is a great place to live due to its beautiful neighborhoods and vibrant downtown area.