Can you afford to live in Providence?

Median household income, home values and rent in Providence, RI — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Providence.

Median household income: $66,772 — +78.1% since 2015 (not adjusted for inflation)

Median gross rent: $1,333/mo — +46.0% since 2015

Median home value, 2015 to 2023

• 2015: 177100
• 2023: 322800

Median household income

• Providence: 66772
• Providence County: 78204
• RI: 86372
• U.S.: 78538

Median gross rent

• Providence: 1333
• Providence County: 1242
• RI: 1273
• U.S.: 1348

Share of income a typical renter spends on rent: 28.5% — U.S.: 30.2%

What it means

The typical household here earns $66,772 — notably lower than the national figure of $78,538.

The typical renter here spends 28.5% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+78.1% versus +46.0%), before adjusting for inflation.