Providence, RI
Maps & Population Facts
Population
179,509
Population Density
9,751
Labor Participaton
62.8%
Bachelor's or Higher
30.1%
Median Household Income
$40,366
Median Individual Income
$24,319
Median Individual Income(Full-time Workers Only)
$40,011
Housing Estimates
Median House Value
$181,100
Median Gross Rent
$949
Median Mortgage Payment
$1,671
Housing Units
72,605
People who reside in Providence live in:
Detached - Single Family Homes
23%
Apt, Condo, Other
77%
Analysis
Income
Households in Providence earn signifcantly less money than the national median income, averaging 33% less per household.
Housing
Providence has a median house price of $181,100. The cost of homeownership is slightly less than most areas. The cost of renting in Providence is 6% less than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 39% |
| New Construction (Built after 2000) | 6% |
Demographics
The median age in Providence is 30. Providence has a population that is significantly younger than in comparison to the US median age.
Providence ranks average for having an educated population. The percent of residents who have a college degree is comparable with other areas.
Population
Household Income
Home Value
Vacant Property
Housing Data
Housing Comparison
| Providence | Rhode Island | USA | |
| Median Property Value | 181,100 | 257,800 | 217,600 |
| Median Mortgage Payment | 1,671 | 1,782 | 1,513 |
| Median Gross Rent | 949 | 941 | 1,012 |
| Property Vacancy | 14.5% | 12.7% | 12.6% |
| % Renters | 65% | 39% | 36% |
| Residents per Sq. Mi. | 9,751 | 1,023 | 93 |
Personal Comparison
| Providence | Rhode Island | USA | |
| Median Household Income | 40,366 | 63,870 | 60,336 |
| Median Individual Income | 24,319 | 36,278 | 33,646 |
| Median Income (Full-Time) | 40,011 | 51,286 | 46,881 |
| Median Age | 29.8 | 39.5 | 38.1 |
| Labor Participation | 62.8% | 64.1% | 62.8% |
| Attained College Degree | 30.1% | 33.4% | 32.0% |
Population Density Analysis
Providence, RI
9,751
Residents per Sq. Mile
The population density of Providence is comparable to that of a Mid-Sized City.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +