Providence, RI — income, home value, property tax, and sales tax.
In ZIP code 02829, near Providence, per-capita income stands at $22,582, while the county-level effective property tax rate is 1.25%. That combination shapes what housing costs mean here: each $100,000 of home value carries roughly $1,250 in annual property taxes, a sum that eats into earnings more sharply at this income level than in wealthier areas. Sales taxes add 7.00% to purchases, further tightening day-to-day finances. Buyers weighing a move should consider how assessed value and the resulting tax bill stack up against local wages before committing.