Zip 02837 (Little Compton, RI) Economy


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Little Compton, Rhode Island (02837) is a small town located in Newport County and is known for its rich history. The area is home to many local businesses and offers a variety of amenities for its residents. Some of the local companies in Little Compton include Chace Real Estate, Seaside Realty Group, and Country Garden Realty. These companies provide real estate services such as buying and selling homes in the area. There are also plenty of recreational activities available in Little Compton, with parks such as Wilbor Park and Sakonnet Point Lighthouse offering stunning views of the scenery. The community also hosts a number of events throughout the year including art festivals, farmers markets, holiday parades, and historical tours. The average two-bedroom rent in Little Compton stands at $1,780 while groceries cost index is 111 compared to 100 nationally. All these factors make Little Compton an attractive place for those looking to settle down in a peaceful community with plenty to offer.

Little Compton (zip 02837) has an unemployment rate of 6.9%. The US average is 6.0%.

Little Compton (zip 02837) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.

Tax Rates for Little Compton (zip 02837)
- The Sales Tax Rate for Little Compton (zip 02837) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Little Compton (zip 02837) is 3.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Little Compton (zip 02837)
- The average income of a Little Compton (zip 02837) resident is $45,576 a year. The US average is $28,555 a year.
- The Median household income of a Little Compton (zip 02837) resident is $96,111 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLittle Compton, Rhode IslandUnited States
  6.96
  -8.8%-6.2%
  31.8%33.5%
  7.0%6.2%
  3.8%4.6%
  $81,912$37,638
  $96,111$69,021
  $126,823$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  10.4%6.8%
  6.0%10.0%
  1.1%2.5%
  6.3%11.0%
  5.6%4.8%
  0.4%0.8%
  4.3%1.9%
  3.8%4.7%
  4.7%1.9%
  11.4%7.6%
  0.0%0.1%
  4.9%4.2%
  14.1%9.3%
  8.2%14.0%
  2.1%2.1%
  4.6%7.0%
  4.3%4.8%
  4.2%4.7%
Health