Housing costs in Providence?
A typical home costs
$423,500, which is 25.3% more expensive than the national average of
$338,100 and 5.6% more expensive than the average Rhode Island home, at
$401,200. Renting a two-bedroom unit in Providence costs
$1,440 per month, which is 0.7% more than the national average of
$1,430 and close to the state average of
$1,460.
Can I afford Providence?
To live comfortably in Providence (zip 02912), Rhode Island, a minimum annual income of
$81,000 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Providence?
The cost of living in 02912 Providence, RI is quite expensive due to its location and proximity to Boston. In comparison to the US average, the cost of housing in this zip code is 27% higher, groceries are 11% higher, transportation is 14% higher, health care is 8% higher, and utilities are 3% higher. The overall cost of living index for 02912 Providence is 119.8 which indicates that it is 19.8% more expensive than the US average. Renters should expect to pay a median rent of $1,377 per month while homeowners pay a median mortgage payment of $2,054 each month.