Cost of Living: Reno, NV vs Providence, RI (2026)

Reno

Nevada
122
VS

Providence

Rhode Island
99

Reno is 23% more expensive than Providence.

$1,453/mo ↑ 9%
Median Rent
$1,333/mo ↓ 8%
$78,448/yr ↑ 17%
Median Income
$66,772/yr ↓ 15%
$498,600 ↑ 54%
Home Value
$322,800 ↓ 35%
$1,482/mo ↑ 1%
Owner Costs
$1,467/mo ↓ 1%
268,959
Population
190,214

Tax Comparison

0%
Income Tax
5.99%
6.85%
State Sales Tax
7.0%
0.53%
Property Tax
1.53%

Affordability

22.2%
rent-to-income
Affordability
24.0%
rent-to-income

Detailed Comparison

When comparing Reno, NV and Providence, RI, the overall cost of living indices are 122 and 99 respectively (national median = 100). Rent is $120/month cheaper in Providence, saving renters about $1,440/year.

Median household income is $11,676/year higher in Reno. Home values also differ significantly — the median in Reno is $498,600 compared to $322,800 in Providence.

Nevada has no state income tax, giving Reno residents a significant tax advantage over Rhode Island's 5.99% rate.

Frequently Asked Questions

Reno vs Providence — common questions

Is Reno or Providence cheaper to live in?
Based on our cost index, Providence is cheaper to live in with an index of 99 compared to 122 (US average = 100).
What is the rent difference between Reno and Providence?
Median rent in Reno is $1,453/month and in Providence it's $1,333/month — a difference of $120/month.
Which city has higher income, Reno or Providence?
Median household income is $78,448 in Reno and $66,772 in Providence. Median household income is $11,676/year higher in Reno.
How do taxes compare between Nevada and Rhode Island?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax.
Should I move to Reno or Providence?
It depends on your priorities. Reno has a cost index of 122 with median rent of $1,453/mo, while Providence has a cost index of 99 with rent of $1,333/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Reno details → View Providence details →

More Comparisons

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