Providence, RI — income, home value, property tax, and sales tax.
In Providence's 02905 ZIP code, homes carry a median value of $371,900, and the county's 1.25% effective property tax rate translates to roughly $4,650 a year in taxes on such a home. With median household income at $62,908, that bill equals about 7% of annual earnings before any mortgage payment. Per-capita income sits at $37,253. A 7.00% combined sales tax adds to everyday costs. Buyers weighing this area should note how the gap between area wages and home prices shapes what they can carry.
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