Calculate using real Providence data. Median home price: $330,000. Property tax rate: 2.1%.
Providence, RI has a cost of living index of 105, where 100 represents the national average. This means living in Providence is 5% more expensive the national average.
The median household income in Providence, RI is $46,320. Combined with a cost of living index of 105, this provides a picture of purchasing power in the area.
The median home price in Providence, RI is $330,000 with a property tax rate of 2.1%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $2,396.