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This question is about Providence, RI.
What is a good salary in Providence, RI?
A good salary in Providence, RI is anything over $48,000. That's because the median income in Providence is $48,000, which means if you earn more than that you're earning more than 50% of the people living in Providence. The average salary in Providence is $58,611.
A good hourly wage in Providence is $23.08 per hour. That works out to a good weekly wage of $923 per week and a good monthly wage of $4,000 per month. However, using the median income is only one way to calculate a good salary in Providence.
Another way to calculate a good salary in Providence is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $200,300, a good salary in Providence would be $40,060.
Lastly, we can determine a good salary in Providence by looking at the cost of living and comparing it to the US average salary. The cost of living in Providence is 9% higher than than the national average. The national average salary is $56,310, so a good salary in Providence is anything over $61,377 by this measure.
Average Annual Salary in Providence, RI
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $22,000 | $1,833 | $423 | $10.58 |
| 25th | $32,000 | $2,666 | $615 | $15.38 |
| Median | $48,000 | $4,000 | $923 | $23.08 |
| 75th | $73,000 | $6,083 | $1,403 | $35.1 |
| 90th | $105,000 | $8,750 | $2,019 | $50.48 |
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