Quick facts: East providence, RI

Quick Facts

110.5
Cost of Living
above US average
46,691
Population
9.04
Crime Rate per 1000
below US average
$71,736
Median Income
below US average
$450,000
Median House Price
above US average
$1960.63
Average Rent
above US average
9%
Poverty Rate
below US average
4.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $71,736.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $450,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $71,736
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Income Needed to Rent

⚠ Stretch
$84k/year
Based on $1960.63/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $84k vs median $71,736
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for East providence, RI

East Providence is a charming city located in Rhode Island, just across the river from Providence. Known for its rich industrial history and close-knit community, East Providence offers a blend of suburban comfort and urban convenience. The city features a variety of parks, recreational areas, and waterfront access along the Seekonk River, providing residents with opportunities for boating and outdoor activities. The city boasts a diverse population and a vibrant cultural scene, with various local events and festivals throughout the year. One of its key attractions is Sabin Point Park, which offers stunning views of the city skyline and is a popular spot for families. East Providence is also home to a range of dining, shopping, and entertainment options, making it an appealing place for both families and young professionals. With easy access to major highways and close proximity to Providence, residents enjoy the benefits of urban living while maintaining a small-town feel. The city's schools are well-regarded, adding to its attractiveness for families. Overall, East Providence is a welcoming community with a lot to offer its residents.

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