Providence, NY is a great place to live due to its low rent costs and affordable grocery prices. The average two bedroom rent in Providence is $1,420, which is significantly lower than the US average of $1,430. In addition, the local Grocery Cost Index in Providence is 104 versus 100 in the US. This indicates that groceries are still relatively inexpensive in comparison to the rest of the country. The affordability makes it attractive for those looking for good value for their money. There are plenty of businesses in Providence, such as Smith's Bakery & Cafe, Roberts Auto Care and La Antioqueña Restaurant, among others. These companies provide locals with jobs opportunities and a sense of community pride. With all this considered, Providence offers its residents good value for their money when compared to the national averages.
Providence has an unemployment rate of 5.1%. The US average is 6.0%.
Providence has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Providence
- The Sales Tax Rate for Providence is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Providence is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Providence
- The average income of a Providence resident is $34,590 a year. The US average is $37,638 a year.
- The Median household income of a Providence resident is $70,511 a year. The US average is $69,021 a year.