| Index | East Providence | Rhode Island | National |
| Cost of living | 108 | 110 | 100 |
| Groceries | 101 | 103 | 100 |
| Health care | 102 | 103 | 100 |
| Housing | 121 | 124 | 100 |
| Transportation | 102 | 104 | 100 |
| Utilities | 101 | 106 | 100 |
| Lifestyle & Entertainment | 109 | 107 | 100 |
| Household Items | 105 | 105 | 100 |
| Education & Childcare | 103 | 106 | 100 |
The cost of living in East Providence affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in East Providence is 108, which is 8% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in East Providence aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. East Providence residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
When it comes to the cost of living in East Providence, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 21.4% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is East Providence an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in East Providence is 29.7% higher than the national average, while the average monthly rent prices are 2.1% higher than average. The affordability of any location can also be influenced by median income levels. East Providence has a median household income of $95,307, which is 17.2% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In East Providence, the housing index stands at 21.4% higher than the national average.
The East Providence cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $135,664 | $11,305 | $3,165 | $4,070 |
| Renters | $43,634 | $3,636 | $1,018 | $1,309 |
| State | General Sales Tax | With Max Surtax |
| Rhode Island | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Rhode Island | 3.75% | 5.99% |
| City | Population | Cost of Living Index | National Avg. |
| Central Falls, RI | 20,175 | 103 | 3.0% |
| Woonsocket, RI | 42,718 | 105 | 4.7% |
| Pawtucket, RI | 74,311 | 108 | 7.7% |
| Providence, RI | 185,554 | 109 | 9.0% |
| Fall River, MA | 91,437 | 119 | 19.1% |
| East Providence, RI | 48,849 | 108 | 8.4% |
| City | Population | Cost of Living Index | National Avg. |
| Beavercreek, OH | 48,876 | 102 | 1.9% |
| Shawinigan, QC | 48,810 | n/a | |
| Chesterfield, MO | 48,902 | 122 | 22.4% |
| Mentor, OH | 48,930 | 98 | 1.5% |
| Charlottesville, VA | 48,748 | 122 | 22.2% |
| East Providence, RI | 48,849 | 108 | 8.4% |
Here are the best places to live in Rhode Island
Check out the 10 most dangerous cities in Rhode Island
See the best places to live in East Providence
Check out the 10 safest cities in Rhode Island