Cost of Living: Providence, RI vs Salem, OR (2026)

Providence

Rhode Island
99
VS

Salem

Oregon
105

Providence is 6% cheaper than Salem.

$1,333/mo ≈ Same
Median Rent
$1,323/mo ≈ Same
$66,772/yr ↓ 7%
Median Income
$71,900/yr ↑ 8%
$322,800 ↓ 16%
Home Value
$382,400 ↑ 18%
$1,467/mo ↑ 2%
Owner Costs
$1,440/mo ↓ 2%
190,214
Population
176,666

Tax Comparison

5.99%
Income Tax
9.9%
7.0%
State Sales Tax
0%
1.53%
Property Tax
0.93%

Affordability

24.0%
rent-to-income
Affordability
22.1%
rent-to-income

Detailed Comparison

When comparing Providence, RI and Salem, OR, the overall cost of living indices are 99 and 105 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $5,128/year higher in Salem. Home values also differ significantly — the median in Providence is $322,800 compared to $382,400 in Salem.

Rhode Island has a lower income tax rate, making Providence slightly more tax-friendly.

Frequently Asked Questions

Providence vs Salem — common questions

Is Providence or Salem cheaper to live in?
Based on our cost index, Providence is cheaper to live in with an index of 99 compared to 105 (US average = 100).
What is the rent difference between Providence and Salem?
Median rent in Providence is $1,333/month and in Salem it's $1,323/month — a difference of $10/month.
Which city has higher income, Providence or Salem?
Median household income is $66,772 in Providence and $71,900 in Salem. Median household income is $5,128/year higher in Salem.
How do taxes compare between Rhode Island and Oregon?
Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax. Oregon has 9.9% income tax, 0% sales tax, and 0.93% property tax.
Should I move to Providence or Salem?
It depends on your priorities. Providence has a cost index of 99 with median rent of $1,333/mo, while Salem has a cost index of 105 with rent of $1,323/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Providence details → View Salem details →

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