Quick answer
Overall prices in the Indianapolis, IN metro were 95.7 vs 101.8 in Providence, RI in 2024 (US = 100), so Indianapolis is 6.0% less expensive than Providence; housing rents differ by 14% (88.9 vs 103.9). A $75,000 income in Indianapolis buys about what $79,763 buys in Providence, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Indianapolis | Providence | Indianapolis vs Providence |
|---|---|---|---|
| All items | 95.7 | 101.8 | -6.0% |
| Goods | 94.3 | 97.1 | -2.9% |
| Housing (rents) | 88.9 | 103.9 | -14.4% |
| Utilities | 86.4 | 148.8 | -42.0% |
| Other services | 99.1 | 102.3 | -3.1% |
| All items, 2008 | 96.7 | 103.7 | -6.7% |
| $50,000 in Indianapolis equals in Providence | $53,175 | ||
| $100,000 in Indianapolis equals in Providence | $106,350 | ||
| $150,000 in Indianapolis equals in Providence | $159,525 |
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Last updated 2026-10-16. Data only, not financial or tax advice.