Providence, RI cost of living
RI · BLS RPP 107.2
Estimated — not yet source-verified.Estimated — not yet source-verified against official BLS/HUD figures. This page is not indexed. Treat the RPP and FMR values as rough proxies and verify with the BLS or HUD datasets directly before relying on them.
Overall RPP
107.2
US = 100
Housing RPP
117.6
Housing component
Goods RPP
102.8
Goods component
2-BR Rent (HUD)
$1,640/mo
FY2024 FMR
What salary do you need in Providence, RI?
Equivalent salary to maintain the same purchasing power as in a US-average city (RPP 100).
| In US-average city | You need in Providence, RI | Formula |
|---|---|---|
| $50,000 | $53,600 | $50,000 x (107.2/100) |
| $75,000 | $80,400 | $75,000 x (107.2/100) |
| $100,000 | $107,200 | $100,000 x (107.2/100) |
| $125,000 | $134,000 | $125,000 x (107.2/100) |
| $150,000 | $160,800 | $150,000 x (107.2/100) |
| $200,000 | $214,400 | $200,000 x (107.2/100) |
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
State income tax note
Rhode Island income tax 3.75%-5.99%.
Frequently asked questions
- What is the cost of living in Providence, RI?
- Providence, RI has a BLS Regional Price Parity of 107.2 (US average = 100). It is 7.2% more expensive than the national average.
- What salary do I need to live in Providence, RI?
- If you earn $100,000 in a US-average city (RPP 100), you would need approximately $107,200 in Providence, RI to maintain the same purchasing power.
- What is the average rent in Providence, RI?
- The HUD Fair Market Rent for a 2-bedroom in Providence, RI is approximately $1,640 per month as of FY2024.
Compare with other cities
Buying a home in Providence, RI? See closing costs at TallyClose.