Providence vs Chicago
Cost of living comparison — C2ER 2024-2025 data
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Chicago is 7% cheaper than Providence overall.Providence has a cost of living index of 115 vs Chicago at 107 (national average = 100). The biggest difference is utilities — Providence costs 15% more.

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Providence
RI
115
COLI index
VS
Chicago
IL
107
COLI index
Category Breakdown
| Category | Providence | Chicago | Difference |
|---|---|---|---|
| Overall COLI | 115 | 107 | -7% |
| Housing | 148 | 130 | -12% |
| Groceries | 106 | 105 | -1% |
| Transport | 105 | 108 | +3% |
| Healthcare | 108 | 103 | -5% |
| Utilities | 132 | 112 | -15% |
Median 1BR Rent
Providence
$1,650/mo
Chicago
$1,750/mo
Median Home Price
Providence
$345,000
Chicago
$310,000
Median Household Income
Providence
$50,240
Chicago
$62,097
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Last updated: June 2026
Methodology: Cost of living indices from C2ER Cost of Living Index 2024-2025. Rent data from Zillow December 2024. Home price data from Zillow Home Value Index December 2024. Household income from US Census Bureau ACS 2023. National average COLI = 100. Data updated annually.