Fort Collins vs Providence: Cost of Living Comparison
How does the cost of living in Fort Collins, Colorado compare to Providence, Rhode Island? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.
Summary: Providence is the more affordable city overall. Housing costs are 70% higher in Fort Collins compared to Providence, while rent is 30% higher. State income tax is 4.4% in CO vs 5.99% in RI.
| Metric | Fort Collins, CO | Providence, RI | Diff |
|---|---|---|---|
| Housing | |||
| Median Home Value | $497,400 | $293,000 | +69.8% |
| Median Monthly Rent | $1,576 | $1,214 | +29.8% |
| Income | |||
| Median Household Income | $78,977 | $61,365 | +28.7% |
| Per Capita Income | $43,495 | $34,521 | +26.0% |
| Taxes | |||
| State Income Tax Rate | 4.4% | 6.0% | -26.5% |
| Combined Sales Tax | 7.8% | 7.0% | +11.1% |
| Demographics | |||
| Population | 168,758 | 189,715 | -11.0% |
Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).
Rent vs. Buy Calculator — Fort Collins
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Rent vs. Buy Calculator — Providence
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Key Takeaways
- Housing: The median home in Fort Collins costs $497,400 compared to $293,000 in Providence — a 70% premium.
- Rent: Median rent is $1,576/mo in Fort Collins vs $1,214/mo in Providence.
- Income: Median household income is $78,977 in Fort Collins and $61,365 in Providence.
- Taxes: State income tax is 4.4% in Colorado vs 5.99% in Rhode Island.
Methodology
This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).