Quick answer
Overall prices in the Detroit, MI metro were 100.3 vs 101.8 in Providence, RI in 2024 (US = 100), so Detroit is 1.4% less expensive than Providence; housing rents differ by 9% (94.7 vs 103.9). A $75,000 income in Detroit buys about what $76,103 buys in Providence, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Detroit | Providence | Detroit vs Providence |
|---|---|---|---|
| All items | 100.3 | 101.8 | -1.4% |
| Goods | 98.8 | 97.1 | +1.8% |
| Housing (rents) | 94.7 | 103.9 | -8.8% |
| Utilities | 107.0 | 148.8 | -28.1% |
| Other services | 102.6 | 102.3 | +0.3% |
| All items, 2008 | 100.6 | 103.7 | -3.0% |
| $50,000 in Detroit equals in Providence | $50,735 | ||
| $100,000 in Detroit equals in Providence | $101,471 | ||
| $150,000 in Detroit equals in Providence | $152,206 |
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Last updated 2026-10-16. Data only, not financial or tax advice.