Providence, RI — income, home value, property tax, and sales tax.
In ZIP code 02857, near Providence, homes carry a median value of $428,100, and the county-level property tax rate of 1.25% works out to roughly $5,351 a year in taxes on such a home. With median household income at $108,679 and per-capita income at $53,373, that annual bill absorbs about 5% of household earnings, a share many area buyers weigh carefully. Combined with a 7.00% sales tax, the overall cost of living shapes what purchasers can stretch to afford.
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