Cost of Living in Elmwood, Providence, RI

A-
12%
Overall NAT. AVG.
15%
Goods & Services NAT. AVG.
21%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Elmwood Providence Rhode Island
Cost of living112111112
Goods & Services115115115
Groceries102102102
Health care108108108
Housing121117120
Transportation939393
Utilities112112112
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Cost Of Living Quick Facts

  • The cost of living in Elmwood is equal to the Providence average
  • The cost of living in Elmwood is 12% higher than the national average
  • Elmwood housing is 21% higher than the national average
  • Rhode Island general sales tax is 37% higher than the national average
  • Rhode Island state income tax is 44% higher than the national average

Most Affordable Places to Live in and Around Elmwood

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Compare Providence, RI Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Household$43,068$3,589$1,005$1,292

      Rhode Island Sales Tax

      State General Sales Tax With Max Surtax
      Rhode Island 7% 7%

      Rhode Island Income Tax

      State Income Tax (Low) Income Tax (High)
      Rhode Island 3.75% 5.99%

      Goods & Services

      Item Providence National avg. Difference
      Haircut $31.50$24.2629.8%
      Beauty Salon $49.92$45.569.6%
      Toothpaste $3.46$3.706.5%
      Shampoo $1.43$1.2811.4%
      Movie $14.37$12.1318.4%
      Bowling $22.72$18.0026.2%

      Groceries

      Item Providence National avg. Difference
      Ground Beef $5.85$5.840.2%
      Fried Chicken $1.43$1.578.9%
      Milk $4.74$4.671.4%
      Potatoes $5.00$4.931.3%
      Pizza $11.59$12.094.1%
      Beer $10.74$10.413.1%

      Health Care

      Item Providence National avg. Difference
      Optometrist $104.45$125.6816.9%
      Doctor $169.83$135.7825.1%
      Dentist $130.28$113.2915.0%
      Ibuprofen $11.11$10.654.3%
      Lipitor $369.37$468.6021.2%

      Housing

      Item Providence National avg. Difference
      Home Price $225,200.00$184,700.0021.9%
      Avg. Mortgage Payment $2,379.56$2,346.691.4%
      Apartment Rent $1,015.00$949.007.0%

      Transportation

      Item Providence National avg. Difference
      Gasoline $3.38$3.462.5%
      Tire Balancing $48.20$59.9219.6%

      Utilities

      Item Providence National avg. Difference
      All Electricity $230.62$193.9918.9%
      Phone $195.18$192.251.5%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Clayville, RI811098.7%
      Central Falls, RI19,4371044.5%
      Woonsocket, RI41,6161076.6%
      Pawtucket, RI71,8211099.2%
      Pascoag, RI4,91111111.2%
      Providence, RI179,47211111.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Newport News, VA179,5821032.8%
      Santa Rosa, CA178,39116968.6%
      Ontario, CA178,19413938.6%
      Rancho Cucamonga, CA178,06015453.6%
      Sioux Falls, SD180,927954.5%
      Providence, RI179,47211111.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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