Providence, RI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
110
Providence's Overall Cost Of Living
1.1x
Higher Than The National Average
4 out of 15
In Rhode Island
4,128 out of 6,412
In America
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 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.

For more reading on life in Providence, check out:

Providence Cost Of Living Vs. Rhode Island

Living Expense Providence Rhode Island National Average
Overall 110 117 100
Services 120 118 100
Groceries 111 108 100
Health 105 108 100
Housing 93 118 100
Transportation 105 104 100
Utilities 125 127 100
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.

$225,200
Median Home Value
$1,015
Median Rent
$49,065
Median Income
Statistic Providence Rhode Island United States
Median Home Value $225,200 $276,600 $229,800
Median Rent $1,015 $1,031 $1,096
Median Income $49,065 $70,305 $64,994
Home Value To Income 4.6x 3.9x 3.5x
Rent To Monthly Income 0.25x 0.18x 0.2x

Detailed Providence Services Costs Vs. Rhode Island

Item Providence Rhode Island
Shampoo $0.96 $1.06
Movie $12.75 $10.68
Bowling $19.67 $14.67

Detailed Providence Groceries Costs Vs. Rhode Island

Item Providence Rhode Island
Ground Beef $3.82 $4.22
Fried Chicken $1.75 $1.39
Milk $2.52 $2.05

Detailed Providence Health Costs Vs. Rhode Island

Item Providence Rhode Island
Haircut $24.44 $18.62
Beauty Salon $48.53 $39.05
Toothpaste $2.53 $2.34

Detailed Providence Transportation Costs Vs. Rhode Island

Item Providence Rhode Island
Potatoes $4.11 $3.29
Pizza $10.49 $10.62
Beer $10.32 $9.38
Optometrist $131.39 $108.57
Doctor $157.87 $116.17
Dentist $92.75 $99.13

Detailed Providence Utilities Costs Vs. Rhode Island

Item Providence Rhode Island
Gasoline $2.15 $2.22
Tire Balancing $62.0 $50.07
All Electricity $240.57 $167.67
Phone $189.01 $175.64

Providence SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
8
Affordability
4
Diversity
10
Safety
4
Amenities
10
Education
6
Commute
8

Cost Of Living In Cities Around Providence

City Population Cost Of Living Vs. Providence
Cranston, RI 81,252 116 1.1x
Warwick, RI 81,043 115 1.0x
Pawtucket, RI 71,821 109 1.0x
East Providence, RI 47,442 113 1.0x
Attleboro, MA 45,023 121 1.1x
Woonsocket, RI 41,616 108 1.0x
Central Falls, RI 19,437 108 1.0x
Somerset, MA 18,160 121 1.1x
Valley Falls, RI 11,548 115 1.0x
Greenville, RI 9,114 122 1.1x

Articles About Rhode Island

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