Zip 02908 (Providence, RI) Economy


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Located in the beautiful city of Providence, Rhode Island (RI), 02908 is a great place for those looking for an affordable cost of living. According to Numbeo, the average 2 bedroom rent in 02908 is $1,400 compared to the US average which is $1,430. Additionally, grocery cost index in 02908 is 105 versus 100 in the US. The city of Providence offers many attractions and amenities as well as plenty of job opportunities for its residents. Popular companies located in 02908 include Citizens Bank, Blue Cross Blue Shield RI, and Textron Inc., where locals can find employment. For more information on what Providence has to offer visit https://www.visitrhodeisland.com/cities/providence/.

Providence (zip 02908) has an unemployment rate of 8.6%. The US average is 6.0%.

Providence (zip 02908) 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 28.6%, which is lower than the US average of 33.5%.

Tax Rates for Providence (zip 02908)
- The Sales Tax Rate for Providence (zip 02908) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Providence (zip 02908) 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 Providence (zip 02908)
- The average income of a Providence (zip 02908) resident is $19,799 a year. The US average is $28,555 a year.
- The Median household income of a Providence (zip 02908) resident is $63,775 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyProvidence, Rhode IslandUnited States
  8.66
  -8.8%-6.2%
  28.6%33.5%
  7.0%6.2%
  3.8%4.6%
  $31,637$37,638
  $63,775$69,021
  $70,642$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.8%6.8%
  10.9%10.0%
  1.4%2.5%
  11.0%11.0%
  4.5%4.8%
  0.4%0.8%
  1.6%1.9%
  4.0%4.7%
  0.9%1.9%
  5.6%7.6%
  0.0%0.1%
  4.8%4.2%
  11.4%9.3%
  18.8%14.0%
  1.8%2.1%
  7.8%7.0%
  5.9%4.8%
  2.6%4.7%
Health