Cost of Living in Providence, RI
2024 data from the Bureau of Economic Analysis
Cost Index
101.8
1.8% above avg
Housing Index
103.9
Median Income
$81,136
Median Rent
$1,165/mo
Cost Breakdown
Overall101.8 (+1.8%)
Housing103.9 (+3.9%)
Goods97.1 (-2.9%)
Utilities148.8 (+48.8%)
Other Services102.3 (+2.3%)
National average = 100
Income & Housing
Median Household Income
$81,136/year
Median Home Value
$358,200
Median Monthly Rent
$1,165/mo
Per Capita Income
$42,869/year
Compare Providence, RI With
Frequently Asked Questions
Is Providence, RI expensive to live in?
Providence, RI has a cost of living index of 101.8, which is 1.8% above the national average.
How much does housing cost in Providence, RI?
Housing costs in Providence, RI are indexed at 103.9 compared to the national average of 100. The median monthly rent is $1,165.
What is the average income in Providence, RI?
The median household income in Providence, RI is $81,136 per year.
What is the average home price in Providence, RI?
The median home value in Providence, RI is $358,200.