Providence, RI — income, home value, property tax, and sales tax.
In ZIP code 02917, near Providence, homes carry a median value of $451,800, and the county's 1.25% effective property tax rate works out to roughly $5,648 a year. With median household income at $110,938, that tax bill absorbs about 5% of annual earnings before any mortgage payment. Per-capita income sits lower, at $44,488, so the burden varies widely from household to household. A 7.00% combined sales tax adds further cost to everyday purchases. Buyers weighing a move here should factor both the property tax and the sales tax into what they can truly afford.
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