Providence, Rhode Island (02904) is a great city to live in because of its relatively low cost of living. The average two bedroom rent for this area is $1,380 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Providence is 105 versus 100 in the US. This means that groceries will cost slightly more than the national average but still affordable here.
Living in Providence provides residents with plenty of employment options as well. Major employers include Brown University, Rhode Island Hospital, Care New England Health System, Citizens Financial Group and CVS Health Corporation. With a diverse set of industries being represented within these companies, Providence is an ideal place to not only live but also work.
Providence (zip 02904) has an unemployment rate of 6.7%. The US average is 6.0%.
Providence (zip 02904) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Providence (zip 02904)
- The Sales Tax Rate for Providence (zip 02904) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Providence (zip 02904) is 3.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Providence (zip 02904)
- The average income of a Providence (zip 02904) resident is $25,838 a year. The US average is $28,555 a year.
- The Median household income of a Providence (zip 02904) resident is $56,139 a year. The US average is $69,021 a year.