Quick answer
Overall prices in the Miami, FL metro were 114.2 vs 101.8 in Providence, RI in 2024 (US = 100), so Miami is 12.2% more expensive than Providence; housing rents differ by 50% (155.6 vs 103.9). A $75,000 income in Miami buys about what $66,865 buys in Providence, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Miami | Providence | Miami vs Providence |
|---|---|---|---|
| All items | 114.2 | 101.8 | +12.2% |
| Goods | 103.6 | 97.1 | +6.6% |
| Housing (rents) | 155.6 | 103.9 | +49.8% |
| Utilities | 97.2 | 148.8 | -34.7% |
| Other services | 109.1 | 102.3 | +6.7% |
| All items, 2008 | 106.5 | 103.7 | +2.7% |
| $50,000 in Miami equals in Providence | $44,577 | ||
| $100,000 in Miami equals in Providence | $89,153 | ||
| $150,000 in Miami equals in Providence | $133,730 |
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Last updated 2026-10-16. Data only, not financial or tax advice.