Providence, RI Cost Of Living

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Updated: 2020-03-08
Providence's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Providence is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Providence, RI?

According to the most recent data on the cost of living, Providence has an overall cost of living index of 108 which is 1.1x higher than the national index of 100.

Compared to only Rhode Island, Providence has a cost of living index that's 0.9x lower than Rhode Island's index of 115.

The standard of living in Providence ranks as #3965 most affordable out of the 6522 places we measured in Rhode Island. By definition, that implies Providence ranks as the #2441 most expensive place in the Ocean State.

Providence Cost Of Living Vs. Rhode Island

Living Expense Providence Rhode Island National Average
Overall 108 115 100
Services 115 115 100
Groceries 105 105 100
Health 107 107 100
Housing 95 120 100
Transportation 110 110 100
Utilities 124 124 100
For more reading on cost of living around Rhode Island, check out:
Providence Cost of Living Vs. RI

Providence, RI Housing Cost Breakdown

Housing swings affordability the most between places in Rhode Island, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Providence Rhode Island United States
Median Home Value $192,100 $249,800 $204,900
Median Rent $972 $981 $1,023
Median Income $42,158 $63,296 $60,293
Home Value To Income 4.6x 3.9x 3.4x
Rent To Monthly Income 0.28x 0.19x 0.2x

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Cost Of Living In Cities Around Providence

City Population Cost Of Living Vs. Providence
Cranston, RI 81,196 113 1.0x
Warwick, RI 81,079 112 1.0x
Pawtucket, RI 71,756 107 1.0x
East Providence, RI 47,449 111 1.0x
Attleboro, MA 44,548 119 1.1x
Woonsocket, RI 41,539 105 1.0x
Central Falls, RI 19,382 104 1.0x
Somerset, MA 18,207 119 1.1x
Valley Falls, RI 11,828 112 1.0x
Greenville, RI 8,387 121 1.1x

Articles About Rhode Island

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