Providence is a city in Rhode Island state in USA with a population of 179472 residents..
The poverty rate of Providence is 23%, which is 64% higher than national average.
The typical household in Providence earns $49065 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 11 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 50.6% of households earn less than $50,000 a year compared to 39% national rate.
The unemployment rate of Providence remained 7.1%, which is 51% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.
Cost of living in Providence is 110, which is 10% higher than national average.
In Providence, only 32% of adults have a bachelor's degree and 19% have some college but no degree.
Median home value in Providence is $225200 , which is 2% lower than national average.
While median income in Providence remained $49065, which is 27% lower than national average.