Providence RI
Municipality of Providence RI
Considered the hub of the state’s job market, entertainment, higher education, transportation system, and in many respects, its housing, Providence is the only region that is a single municipality. Despite that, Providence’s affordability challenges lie in the fact that it encapsulates two distinct real estate markets: the more costly “East Side” and the rest of the city.
Housing Needs of Providence RI
Providence is comprised of 60% owner-occupied and 40% renter households. Forty-six percent of the renters in the region are considered cost burdened, or pay more than 30 percent of their income toward housing costs. Eighty percent of the region’s households, or 54,234 households, cannot afford the region's median home price of $362,000.
Region's Housing and Range of Costs & Types
- Total Households 68,023
- Median Single Family Home Price $362,000
- % Owners 40%
- Average 2-Bedroom Rent $2,019
- % Renters 60%
Transportation
- Train Lines - 2 (MBTA & Amtrak)
- Express Lines - 8
- Local Bus - 45
- Park-n-Rides - 2
Economy
The Providence Region has a total of 106,513 Total Private and Government Jobs. The Top Sectors are:
- Health Care & Social Assistance: 27,602
- Government: 15,514
- Educational Services: 11,623
- Accommodation & Food Services: 8,325
- Professional & Technical Services: 7,025
Education
- Colleges - Brown University, CCRI-Liston Campus & Shepard Building, Johnson & Wales University, Providence College, Rhode Island College, Rhode Island School of Design, Roger Williams University-Metro Campus, University of Rhode Island-Shepard Building
- Public High Schools - Birch Vocational, Central, Classical (application required), Hope, Juanita Sanchez Educational Complex (William B. Cooley HS & Providence Academy of International Studies), Mount Pleasant, Providence Career & Technical Academy
- Public Charter High Schools - Academy for Career Exploration, Metropolitan Regional Career & Technical Center, Rhode Island School for the Deaf (PK-12), Times2 Academy
- Private School - La Salle Academy, Lincoln School (Girls', Gr 1 -12), Moses Brown School (PK-12), School One, Wheeler School (PK-12)
Health
- Hospitals - Butler (behavioral health), Hasbro Children's, Rhode Island, Roger Williams Medical Center, The Miriam, Women & Infants'
- Urgent Care Centers - 2
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