Providence, RI — income, home value, property tax, and sales tax.
Homes in ZIP code 02865 carry a median value of $470,300, and the county's 1.25% effective property tax rate turns that into roughly $5,879 a year in taxes. With median household income at $105,958 and per-capita income of $51,040, that bill equals about 5.5% of a typical household's annual earnings — a meaningful commitment, though one that higher local paychecks help absorb. Buyers near Providence should also account for the 7.00% combined sales tax on everyday purchases. Together, these figures show a housing market where solid incomes support ownership, but property taxes still claim a real share of the cost.
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