What Salary Do You Need to Live in Providence, RI?

To live comfortably in Providence, a household needs to earn roughly $60,000/year. That's about $5,000/month before taxes.

The Number: $60,000/year

At $60,000 per year, a household in Providence can afford median-priced rental housing at roughly 28% of gross income.

This is based on Providence's median monthly rent of $1,429 and the 28% housing guideline. Source: Census ACS 2024.

Providence at a Glance

Median rent$1,429/mo
Median home price$413,800
Median household income$61,797
State income taxUp to 5.99%
Sales tax7%

Sources: Census ACS 2024, Tax Foundation.

For Single Residents

A single person can live comfortably in Providence on roughly $40,000/year. That's about $3,333/month before taxes.

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Note: Salary estimates are based on the 28% housing guideline applied to median rents from Census ACS 2024. Individual circumstances vary. Full disclaimer.

Salary Questions About Providence

The median monthly rent is $1,429. Using the 30% guideline, you need about $57,000/year to afford this comfortably.

The median home price is $413,800. With a 20% down payment, you would need roughly $82,760 saved and a household income to support the mortgage payments.

The median household income is $61,797/year. Our recommended salary of $60,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.