Salary Needed to Live in Providence as a Family
A family of four (2 adults, 2 children) needs approximately $66,463/year to live comfortably in Providence, RI — including 15% savings.
Comfortable Salary
$66,463
with 15% savings
Bare Minimum
$52,617
no savings buffer
Monthly Expenses
$3,157
7% above national avg
Detailed Monthly Budget for a Family in Providence
| Expense | Providence | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $256 | $209 | +22% |
| 🛒 Groceries | $54 | $44 | +23% |
| ⚡ Utilities | $28 | $28 | 0% |
| 🚗 Transportation | $44 | $44 | 0% |
| 🛡️ Car Insurance | $212 | $229 | -7% |
| 🏥 Health Insurance | $47 | $58 | -19% |
| Childcare/After-school | $1,296 | $1,200 | +8% |
| Internet + Phones | $194 | $180 | +8% |
| Children Activities | $270 | $250 | +8% |
| Dining Out | $378 | $350 | +8% |
| School Supplies & Clothing | $216 | $200 | +8% |
| Healthcare Co-pays | $162 | $150 | +8% |
| Total Monthly | $3,157 | $2,942 | +7% |
How We Calculated the Salary
Monthly expenses:$3,157
Target savings (15%):$704/mo
Monthly after-tax needed:$3,861
Effective tax rate:28%
Gross annual salary needed:$66,463
Other Household Types in Providence
Related Pages
FAQ
What salary does a family with kids need in Providence?
A family with kids needs approximately $66,463/year ($5,539/month gross) to live comfortably in Providence with a 15% savings rate.
How much is rent for a family with kids in Providence?
A 3br apartment/house in Providence costs approximately $256/month, which is the largest single expense at 8% of the total budget.
Is Providence affordable for a family with kids?
Providence is roughly average for family with kids costs, requiring a salary close to the national median.