Cost of LivingUpdated 2026-04-01

Providence, Rhode Island

In Providence, Rhode Island, a gallon of regular gas costs $3.89 as of 2026-04-01 — $0.17 below the national average of $4.06. The average monthly rent for all unit types is $2,095, compared to the national average of $1,900. Grocery inflation is running at 5.27% year-over-year. Since 2022, bread prices have increased significantly while egg prices have been volatile due to avian flu outbreaks. Providence's cost-of-living index of 118 puts it above the national average of 100.

Key Numbers

Gas (Regular)

$3.89

National: $4.06

207.3%since 2000
AAA Gas Prices

Avg Rent (All)

$2,095

National: $1,900

43.2%since 2000
Zillow ZORI Metro (2026-02)

Grocery Inflation

5.27%

Year-over-year

BLS/FRED CPI

Fast Food Avg

$17.17

Combo meal

4.9%YoY

Electricity

30.14¢

per kWh · ~$271/mo

73.4%vs US avg
EIA Residential

Car Insurance

$198/mo

$2,380/yr

10.7%vs national avg
Bankrate/NAIC

Median Household Income

$78,204

42.5% goes to essentials

42.5%cost burden
Census ACS 2023
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Car Insurance

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Find Apartments

Avg rent $2,095/mo in Providence. Browse listings:

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Grocery Prices

Grocery Prices — 2000 to Present

National BLS averages · submit local prices below ↓

Eggs (dozen)

Bird flu volatility

$2.58 BLS avg

+156.4%

Milk (gallon)

$4.10 BLS avg

+44.6%

Ground Beef (lb)

$6.75 BLS avg

+354.4%

Bread (loaf)

$1.84 BLS avg

+104.0%

Chicken Breast (lb)

$2.04 BLS avg

+93.5%

Butter (lb)

$5.33 BLS avg

+20.9%

Bacon (lb)

$8.46 BLS avg

+20.2%

Cheddar Cheese (lb)

$7.03 BLS avg

+17.8%

Pasta (lb)

$2.10 BLS avg

+29.6%

Rice (5 lb)

$5.59 BLS avg

+19.4%

Coffee (12 oz)

$12.89 BLS avg

+41.5%

Orange Juice (64 oz)

Citrus shortage

$5.77 BLS avg

+36.1%

Potatoes (5 lb)

$5.07 BLS avg

+17.1%

Apples (3 lb)

$5.22 BLS avg

+10.4%

Tomatoes (lb)

$3.14 BLS avg

+31.9%

Lettuce (head)

$2.46 BLS avg

+28.8%

Cooking Oil (48 oz)

$8.60 BLS avg

+43.1%

Yogurt (32 oz)

$5.36 BLS avg

+24.1%

Cereal (family size)

$6.58 BLS avg

+26.5%

Frozen Pizza

$9.40 BLS avg

+41.4%

Dining & Restaurants

Fast Food Meal

$17.17

Casual Dining

$36.46

Monthly Spend

$550.48

+4.86% YoY

Chain Restaurant Meal Prices — 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $10.65

$17.17

+61.2%

Wendy's

2022: $12.02

$18.54

+54.2%

Chipotle

2022: $12.88

$19.23

+49.3%

Starbucks

2022: $6.24

$8.67

+38.9%

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Looking for an Apartment in Providence?

Average 1BR: $1,718/mo · 2BR: $2,472/mo

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Local Workforce

2024 · BLS QCEW

Total Jobs

288k

Median Weekly Pay

$1,324

$69k/yr

Top Sector

Education & Health Services

Household vs Worker Pay

$78k

household median

Employment by Sector — Providence

% of local workforce · avg weekly wage · 5-year growth trend

Education & Health Services
+3.5% 5yr$1,238/wk
25.3%

~$64k/yr

Professional & Business Services
-3.0% 5yr$1,740/wk
14.5%

~$90k/yr

Trade, Transportation & Utilities
-1.4% 5yr$1,044/wk
13.8%

~$54k/yr

Leisure & Hospitality
+1.5% 5yr$580/wk
10.7%

~$30k/yr

Financial Activities
-5.8% 5yr$2,088/wk
7.4%

~$109k/yr

Source: BLS QCEW 2024 Annual · County FIPS 44007

Highest Paying Sector

Financial Activities

$2,088/wk · $109k/yr

Most Workers (lowest wage)

Leisure & Hospitality

$580/wk · $30k/yr

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