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Income Tax Calculator for Providence, RI
Local data pre-filled
The median household income in Providence, RI is $85,646. Rhode Island income tax rates, combined with federal brackets, determine your total tax burden. Use this calculator to estimate your effective tax rate in Providence.
✓ Calculator below is pre-filled with Providence local data
Data as of · Sources: Zillow, Census ACS, Tax Foundation, Freddie Mac
Rhode Island Financial Snapshot (2026) — Income Tax Calculator
Bracket stack and standard deduction are the primary inputs for the income tax calculator in Rhode Island.
How the Income Tax Calculator Math Works Under Rhode Island Law
Your Rhode Island income tax calculator stacks federal and state income tax onto FICA (Social Security 6.2% + Medicare 1.45%). Rhode Island's 2026 structure is graduated, with a top marginal rate of 5.99%[1]. Standard deduction for single filers: $10,900. Married filing jointly: $21,800.
| Taxable income (single) | Marginal rate |
|---|---|
| $0 – $79,900 | 3.75% |
| $79,900 – $181,650 | 4.75% |
| $181,650+ | 5.99% |
Local context: Providence, RI
Housing economics in Providence, RI. The median home value runs 43.7% above the U.S. baseline for Providence, RI is $514,315 per Zillow's home-value index. Median rent runs $2,127 a month per Zillow ZORI, a premium over the national $1,850 baseline. Effective property tax sits at 1.40% of assessed value, meaningfully higher than the 0.99% national average tracked by the Tax Foundation.
Income and tax climate. Rhode Island's top marginal state income tax bracket lands at 3.75% — compared to the volume-weighted national average around 4-5%. BEA's Regional Price Parity scores Providence, RI at 115.0 (national = 100), meaning a dollar in Providence, RI buys 87¢ of national purchasing power.
Local context as of 2026-04-19.
Providence versus the U.S. baseline
| Metric | Providence, RI | U.S. baseline | Difference |
|---|---|---|---|
| Median home value[zillow] | $514,315 | $358,000 | 43.7% |
| Median monthly rent[zillow] | $2,127 | $1,850 | 15.0% |
| Property tax (effective)[tax-foundation] | 1.40% | 0.99% | 41.4% |
| State top marginal income tax[tax-foundation] | 3.75% | ~4.08% (volume-weighted) | -0.3 pp |
| State cost-of-living index[bea-rpp] | 115.0 | 100.0 | 15.0 pts |
How to use the Income Tax Calculator
Walk through using the Income Tax Calculator with Providence, RI-specific defaults pre-loaded from primary sources.
- Enter your Providence numbersFill in the income tax inputs. Defaults reflect Providence, RI 2026: median home $514,315, median rent $2,127/mo, 1.40% effective property tax.
- Apply the local 2026 inputsThe median home value in Providence is $514,315 (Zillow ZHVI), with median monthly rent running $2,127/mo.
- Compare against Providence contextMonthly PITI on the $514,315 median home in Providence is ~$3,488/mo — vs a $2,127/mo median rent.
How Rhode Island Compares to Neighboring States
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| Rhode Island (this page) | $440,000 | 5.99% | 1.53% | 102.1 |
| Connecticut side-by-side | $395,000 | 6.99% | 1.96% | 104.2 |
| check Massachusetts | $620,000 | 9.00% | 1.14% | 107.7 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
What Changes Your Result in Rhode Island
- Marginal vs effective rate:Top marginal rate (5.99%) applies to the last dollar earned above the top bracket floor. Your effective rate — total state tax divided by taxable income — will be lower for most filers.
Related Calculations for Rhode Island
- Rhode Island paycheck rates — paycheck withholding reflects income tax.
- Rhode Island tax bracket numbers for 2026 — brackets drive the marginal rate.
- Rhode Island capital gains tax rates — capital gains can stack into taxable income.
- self-employed tax costs in Rhode Island — SE tax is the other piece of a contractor bill.
How Providence Compares to the National Average
Understanding how Providence stacks up helps you calibrate your financial planning.
| Metric | Providence, RI | US Average | Difference |
|---|---|---|---|
| Median Home Price | $514,315 | $420,800 | +22.2% |
| Median Monthly Rent | $2,127 | $1,713 | +24.2% |
| Median Household Income | $85,646 | $74,580 | +14.8% |
| Property Tax Rate | 1.40% | 1.10% | +27.3% |
| Cost of Living Index | 115 | 100 | +15.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Providence Financial Snapshot
- Population (Metro)
- 1,640,000
- Unemployment
- 4.0%
- Avg Commute
- 25 min
- Median Age
- 37
- Price-to-Rent Ratio
- 20.2x
- Annual Property Tax
- $7,200
Frequently Asked Questions — Providence
- Can median-income households afford the median home in Providence?
- With a ~$3,488 monthly PITI and $85,646 median income, housing would consume ~48.9% of gross annual income. Qualifying under the 28% DTI rule requires ~$149,486 in annual income. Educational reference only.
- Is it better to rent or buy in Providence?
- Providence's price-to-rent ratio (20.2x) tilts toward renting — above 20x, buying is generally expensive relative to renting.
- What is the annual property tax bill on the median home in Providence?
- Approximately $7,200/yr at the 1.40% effective rate on the $514,315 median home. The national average effective rate is 1.07%.
- What share of median income goes to rent in Providence?
- The $2,127/mo median rent represents 29.8% of the $85,646 median household income. The recommended housing cost threshold is 30%; Providence falls within that guideline. Educational reference only.
- How much does commuting cost in Providence?
- Average commute time in Providence is 25 minutes per ACS. Estimated annual commute cost runs about $4,355. Educational reference only.
- How does the cost of living in Providence compare to the national average?
- Providence's BEA RPP index is 115, 15% above the national baseline of 100. For a household earning the national median income of $77,540, this translates to ~$11,631/yr in purchasing power difference. Educational reference only.
- What is the median home price in Providence, RI?
- The median home price in Providence is $514,315 as of 2025–2026.
- What is the average rent in Providence?
- The median monthly rent in Providence, RI is $2,127.
- Does the income tax replace professional advice?
- No. This calculator gives educational estimates using public Providence data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for decisions with material consequences.
How we compute this — methodology
The Providence page uses local median home price ($514,315), median rent ($2,127/mo), and property tax rate (1.40%) alongside the calculator's client-side formula. Calculations run in your browser — no inputs are sent to a server.
Known limits: ZIP-level variance within Providence can be substantial — the figures shown are city-wide medians. For a precise property tax quote, consult your county assessor.
Sources
- Zillow Research — ZHVI (Zillow Home Value Index) + ZORI (Zillow Observed Rent Index), city-level. zillow.com/research/data. Retrieved 2026-04-19.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates for median household income and population. census.gov/programs-surveys/acs.
- CalcFi state financial context — tips + first-time homebuyer programs compiled from each state's Housing Finance Authority (HFA) public pages. See
src/data/state-financial-context.ts. - Tax Foundation — state property tax effective rates and state/local sales tax rates. taxfoundation.org.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rate averages used by mortgage-related calculators. freddiemac.com/pmms.
- State Departments of Revenue — official bracket + deduction publications (one primary URL per state; linked in the brackets table below) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-04-19.
- Internal Revenue Service — federal individual income tax brackets and standard deductions — www.irs.gov/forms-pubs/about-publication-17. Retrieved 2026-04-19.
- Social Security Administration — OASDI / Medicare benefit + contribution rules — www.ssa.gov. Retrieved 2026-04-19.
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-04-19.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rates — www.freddiemac.com/pmms. Retrieved 2026-04-19.
- NAIC Dwelling Fire, Homeowners Owners, and Homeowners Tenants Insurance Report — content.naic.org/article/homeowners-insurance-report. Retrieved 2026-04-19.
- Bureau of Economic Analysis — Regional Price Parities by State — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-04-19.
- U.S. Department of Labor — State Minimum Wage Laws — www.dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-04-19.
- FRED (Federal Reserve Economic Data) — real median household income, unemployment, HPI, LFPR per state — fred.stlouisfed.org. Retrieved 2026-04-19.
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National reference: Income Tax Calculator Calculator