Cost of Living in Providence
Median income in Providence is $45,000/year ($3,750/month). Here is how to budget every dollar.
Average Rent in Providence
$1,100
Studio
$1,400
1 Bedroom
$1,700
2 Bedrooms
Monthly Budget Breakdown: $3,750/month
How to allocate the median Providence income of $45,000/year after taxes.
Housing
$1,400
Food & Groceries
$375
Transportation
$250
Utilities
$180
Healthcare
$190
Entertainment
$225
Personal & Other
$190
Savings
$940
Total
$3,750
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Affordable Neighborhoods in Providence
Federal Hill is Providence's Little Italy — great food at moderate rents
Fox Point and the East Side near Brown/RISD are walkable but pricier
Olneyville and West End are rapidly improving with the most affordable rents
Money-Saving Tips for Providence
RIPTA monthly pass ($62) covers all bus routes across the state
Amtrak and MBTA commuter rail connect to Boston for job opportunities
Shop at Dave's Fresh Marketplace, Aldi, and local Portuguese markets for savings
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