According to the most recent data on the cost of living, Providence has an overall cost of living index of 110 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 117.
The standard of living in Providence ranks as #4,129 most affordable out of the 6,418 places we measured in Rhode Island. By definition, that implies Providence ranks as the #2,289 most expensive place in the Ocean State.
|Living Expense||Providence||Rhode Island||National Average|
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.
|City||Population||Cost Of Living||Vs. Providence|
|East Providence, RI||47,442||113||1.0x|
|Central Falls, RI||19,437||108||1.0x|
|Valley Falls, RI||11,548||115||1.0x|