Providence, Rhode Island (02907) is a great place to live, with average two bedroom rent priced at $1,350 - lower than the US average of $1,430. The cost of living index in Providence is 104 versus 100 for the US, making it slightly more expensive than the national average. Popular companies such as Citizens Bank, Amica Mutual Insurance Company, and Hasbro Incorporated are located in Providence. With its convenient access to businesses and universities such as Brown University and Johnson & Wales University, Providence offers an excellent quality of life with a mix of affordability.
Providence (zip 02907) has an unemployment rate of 8.6%. The US average is 6.0%.
Providence (zip 02907) has seen the job market decrease by -8.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Providence (zip 02907)
- The Sales Tax Rate for Providence (zip 02907) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Providence (zip 02907) 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 02907)
- The average income of a Providence (zip 02907) resident is $18,937 a year. The US average is $37,638 a year.
- The Median household income of a Providence (zip 02907) resident is $39,522 a year. The US average is $69,021 a year.