Cost of Living in Providence, RI

Providence-Warwick, RI-MA — prices, rents and what jobs really pay here after taxes.

Price level
101.8
U.S. average = 100 · #59 of 387
Median wage
$53,680
all jobs · $3,660/mo take-home
1-bedroom rent
$1,423
HUD fair market rent

Salary comparison calculator

What would you need to earn in Providence, RI to keep the same lifestyle — after taxes — as in another city?

Cost of living calculator

Uses BEA price levels plus 2026 federal and state taxes in each city's state.

Salary needed to keep your lifestyle
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    Prices in Providence, RI vs. the U.S. average

    CategoryIndex (U.S. = 100)Difference
    All items101.8+1.8%
    Housing103.9+3.9%
    Goods97.1−2.9%
    Utilities148.8+48.8%
    Other services102.3+2.3%

    Source: BEA Regional Price Parities, 2024.

    Rent in Providence, RI

    UnitMonthly rentIncome needed (30% rule)
    Studio$1,345$53,800/yr
    1 bedroom$1,423$56,920/yr
    2 bedrooms$1,774$70,960/yr
    3 bedrooms$2,156$86,240/yr
    4 bedrooms$2,545$101,800/yr

    HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.

    Take-home pay in Providence, RI

    Paycheck in Providence, RI
    Deductions, kids & local tax

    2026 tax year. Federal brackets from IRS Rev. Proc. 2025-32.

    Your take-home pay
    $43,916
    per year · effective tax rate 18.2%
    $3,660Monthly
    $1,830Twice a month
    $1,689Every 2 weeks
    $21.11Hourly
    • Federal income tax$4,262
    • Social Security (6.2%)$3,328
    • Medicare (1.45%)$778
    • Rhode Island income tax$1,396
    • Take-home pay$43,916

    Marginal rate: 12% federal + 3.75% state

    Highest-paying jobs in Providence, RI

    JobMedian salaryTake-homeReal value*
    Chief Executive$239,200+$168,519$165,583
    Physicians, All Other$234,000$162,779$159,943
    Architectural and Engineering Manager$172,640$122,667$120,530
    Dentists, General$172,310$122,457$120,324
    Computer and Information Systems Manager$171,220$121,764$119,643
    Financial Manager$167,570$119,442$117,362
    Human Resources Manager$163,290$116,720$114,687
    Managers, All Other$160,040$114,653$112,656
    Sales Manager$148,880$107,556$105,682
    Physician Assistant$139,930$101,863$100,089
    Nurse Practitioner$135,520$99,059$97,333
    Lawyer$133,000$97,456$95,758
    Electronics Engineers, Except Computer$132,870$97,373$95,677
    Computer Network Architect$131,320$96,387$94,708
    Pharmacist$130,840$96,082$94,408
    Software Developer$130,690$95,987$94,315
    Veterinarian$129,390$95,160$93,502
    Computer Systems Analyst$128,580$94,645$92,996
    Computer Hardware Engineer$125,060$92,406$90,796
    Industrial Production Manager$124,810$92,247$90,640

    *In U.S.-average dollars after adjusting for local prices.

    Frequently asked questions

    Is Providence, RI expensive to live in?

    According to the Bureau of Economic Analysis, overall prices in the Providence-Warwick, RI-MA metro area are 101.8% of the U.S. average, with housing at 103.9%. It is the #59 most expensive of 387 metro areas we track.

    What salary do you need to live in Providence, RI?

    To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $61,064 in Providence, RI (before tax differences). The median wage across all jobs here is $53,680.

    How much is rent in Providence, RI?

    HUD’s FY2026 fair market rents for Providence, RI are $1,345 for a studio, $1,423 for one bedroom, $1,774 for two bedrooms and $2,156 for three bedrooms, including utilities.

    All salaries in Providence, RI

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