States › Utah › Providence

Is Providence, UT expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6546% lower than U.S. average
💵 Families earn per year (2026)$127,341about $10,612/month · 46% higher than U.S. average
🔑 House price$515,90055% higher than U.S. average

Rent is higher than in 50% of U.S. cities. A typical house costs about 4.1 years of household income. Commutes are short, about 17.8 minutes. Most homes (85.5%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $66,160 a year. That is $32 an hour at a full-time job.

Is rent cheaper than other Utah cities?

Yes. Rent here is cheaper than in most of Utah. It is number 30 of 97 cities from cheapest to most expensive.

Providence
$1,654
Washington Terrace
$1,703
Riverdale
$1,783
Hooper
$2,406
Summit Park
$2,393
Plain City
$2,322
Park City
$2,060

How much do households earn in Providence?

Under $25k
8.9%
$25k–50k
16.5%
$50k–100k
26.5%
$100k–150k
21.8%
$150k+
26.7%

Share of households by yearly income. 48.5% of households earn $100,000 or more.

How expensive is Providence overall?

Everyday prices in Utah overall are 1% below the U.S. average (index 98.9, U.S. = 100).

Housing
108
Goods (food, clothes…)
96
Utilities
79
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Providence, so the Utah figure is shown.

Taxes and bills in Providence

🏛️ Property tax$2,497a year · 0.48% of home value · U.S. $3,119
⚡ Electric bill$117a month (typical) · U.S. $156

Life in Providence

Commute to work17.8 minU.S.: 26.4 min
College degree51.7%U.S.: 35.7%
Own their home85.5%U.S.: 65.2%
Below poverty line9.4%U.S.: 12.5%
Unemployment1.1%U.S.: 5.2%

Is it cheaper to rent or buy in Providence?

Renting is cheaper right now: about $1,926 a month less.

Renting
$1,654
Owning
$3,580

Owning assumes a typical $515,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $51,590 for the down payment.

Frequently asked questions

What is the average rent in Providence, UT?

Renting in Providence costs a median of about $1,654 a month in 2026, including utilities. The Utah median is $1,832.

How much do I need to make to live in Providence?

To keep rent under 30% of income, you need about $66,160 a year, or $32 an hour at a full-time job.

Is Providence cheap or expensive?

Providence is rated Cheap: rent takes 15.6% of the typical household income of $127,341. It ranks 30th cheapest of 97 Utah cities we track.

How much are property taxes in Providence?

The median homeowner in Providence pays $2,497 a year in property taxes, about 0.48% of the median home value.

Is Providence more expensive than the national average?

Overall prices in Utah are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Providence?

The median home value in Providence is $515,900, about 4.1 times the typical yearly household income.

8,947 people live in Providence. Numbers are typical (middle) values.