Convert your annual salary to hourly, daily, weekly, biweekly, and monthly pay in Providence, and compare it to the local minimum wage and MIT living wage for 2026.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Providence minimum wage: $15.00/hour | Living wage: $21.50/hour
Median household income in Providence is about $55,000. The applicable minimum wage is $15.00/hour, and the MIT living wage for a single adult is about $21.50/hour. Use the comparisons below to see where a given salary lands.
| Pay Benchmark (Providence) | Hourly | Annual (full-time) |
|---|---|---|
| Applicable minimum wage | $15.00 | $31,200 |
| MIT living wage (single adult) | $21.50 | $44,720 |
| Median household income | $26.44 | $55,000 |
| Standard full-time hours | - | 2,080 hours/year |
Providence is the capital and largest city in Rhode Island, home to Brown University and the Rhode Island School of Design, with an economy built on higher education, healthcare, a celebrated food scene, and a revitalized downtown and riverfront.
| Local Metric | Providence (2026 estimate) |
|---|---|
| Metro population | 190,000 |
| County / jurisdiction | Providence County |
| Cost of living index (US avg = 100) | 112 |
| MIT living wage, single adult | $21.50/hour |
| MIT living wage, one earner supporting a family of four | $43.50/hour |
| Applicable minimum wage | $15.00/hour |
| Average rent, 1-bedroom | $1,700/month |
| Average rent, 2-bedroom | $2,100/month |
| Median home price | $380,000 |
| Median household income | $55,000/year |
| Combined sales tax rate | 7% |
| Effective property tax rate | 1.4% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
Divide your annual salary by your total work hours per year (40 hours/week times 52 weeks is 2,080 hours). For example, a $55,000 salary in Providence is about $26.44/hour at full time.
Median household income in Providence is around $55,000. Because the cost-of-living index is 112 (US average = 100) and average 1-bedroom rent is $1,700/month, what counts as comfortable depends heavily on housing costs.
The applicable minimum wage in Providence is $15.00/hour, which is about $31,200/year at full time. Providence does not set a separate city minimum wage, so the Rhode Island statewide minimum of $15.00/hour applies to most employers.
The MIT Living Wage Calculator estimates a single adult in Providence County needs about $21.50/hour, roughly $44,720/year, to cover basic costs without assistance.
At full time, $55,000/year is about $26.44/hour, $4,583/month gross, and $2,115 per biweekly paycheck before taxes.