Side-by-side cost of living comparison for 2026
41% cheaper
Providence is 41% more affordable than New York City. A $75,000 salary in New York City is equivalent to $44,118 in Providence.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: New York salaries · Rhode Island salaries
Housing is typically the biggest factor in any cost-of-living comparison. New York City has a housing index of 302 while Providence sits at 118 (national average = 100). The median home in New York City costs $680,000 compared to $310,000 in Providence, a difference of $370,000. Monthly rent follows a similar pattern: $3,200 in New York City versus $1,500 in Providence.
Groceries and everyday expenses show a narrower gap: New York City scores 109 while Providence scores 105.
Healthcare costs in New York City (108) are lower than Providence (112).
Median household income in New York City is $67,046 compared to $47,012 in Providence. When adjusted for cost of living, income goes further in Providence.
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