Median Income
$61,365
household / year
Median Home Value
$293,000
owner-occupied
Median Rent
$1,214
gross / month
Cost of Living
101
national avg = 100

Is Providence, RI a Good Place to Live?

Providence is a mid-sized city of 189,715 in Rhode Island, with a median household income of $61,365 and a 7.2% unemployment rate. Its cost of living index is 101 (US average = 100), which is 1% above the national average.

Strengths: Providence stands out for lower-than-average crime, solid school ratings (B-), short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Providence is right for you depends on your priorities — the full breakdown is below.

All Providence city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 100.9

Providence's overall cost of living index is 100.9, where 100 represents the US national average. Living in Providence costs roughly 1% more than the average American city.

Metric Providence, RI National Avg
Median Home Value $293,000 $244,900
Median Monthly Rent $1,214 $1,163
Homeownership Rate 39.9% 65.9%
Median Household Income $61,365 $74,755

Crime & Safety

Safer than Average

Providence's violent crime rate is 276.7 per 100,000 residents — 27% lower than the national average of ~380 per 100,000.

Violent Crime
276.7 /100k
Property Crime
1657.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Providence is served primarily by Providence. The student-to-teacher ratio is 14.9:1 (better than the national average of ~16:1).

Metric Providence, RI National Avg
School District Providence —
Elementary Schools 20 —
Middle Schools 6 —
High Schools 11 —
Student/Teacher Ratio 14.9:1 16:1
Bachelor's Degree or Higher 34.5% 35.4%
High School Diploma or Higher 82.9% 91.1%

Weather & Climate

Providence sees average highs of 38.3°F in January and 83.6°F in July, with 47.5 inches of annual precipitation and 36.6 inches of snow per year.

MetricProvidence, RI
Average High — January38.3°F
Average High — July83.6°F
Annual Precipitation47.5"
Annual Snowfall36.6"

Demographics

MetricProvidence, RINational Avg
Population189,715—
Median Age32.338.9
Unemployment Rate7.2%3.7%
Avg Commute Time24.2 min26 min
White (non-Hispanic)45.6%59.3%
Black or African American15.2%13.6%
Hispanic or Latino29.3%18.9%
Asian6.4%6.3%
Under 1820.7%22.2%
65 and over11.8%16.8%

Nearby Cities

ZIP Codes in Providence

Providence, RI is covered by 11 ZIP codes:

Providence vs Other Cities

Frequently Asked Questions

Providence's cost of living index is 101, where 100 is the national average. That puts Providence roughly 1% above the national average in cost. The median home price is $293,000 and median rent is $1,214/month.
Providence's violent crime rate is 276.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1657.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Providence are operated by Providence. The district has 20 elementary, 6 middle, and 11 high schools. The student-to-teacher ratio is 14.9:1. 34.5% of adults 25+ hold a bachelor's degree or higher.
Providence, RI has a population of 189,715, a median household income of $61,365, and an unemployment rate of 7.2%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Providence averages 38.3°F in January and 83.6°F in July. Annual rainfall is 47.5 inches with about 36.6 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Providence, RI is covered by 11 ZIP codes: 02908, 02909, 02906, 02905, 02907, 02904, 02903, 02912, 02918, 02919, 02911.
The population of Providence, Rhode Island is 189,715 with a median age of 32.3. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Providence: cost of living index 101 (100 = US average), median home $293,000, median household income $61,365, crime index 75 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Providence side by side with your current city to see the trade-offs.