Places/RI/Providence County, RI
County profile

Providence County, RI

United States · GDP 2024
#126 of 3,127 US counties by GDP51st-percentile growthmore diversified than 94% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$46.7B
BEA · 2024
GDP growth (YoY)
+4.5%
BEA · 2024
Jobs tracked
273,731
Census CBP · 2023
Employers
16,414
Census CBP · 2023
Avg. wage
$66.7k
BLS QCEW · 2023
Population
678,179
Census PEP · 2025
Labor, income & education
Unemployment
3.5%
Median HH income
$78.8k±$1.7k
Bachelor's degree+
32.3%±0.8%
Poverty rate
13.4%±0.6%
Business applications
7,724 · 2025
Retail establishments
1,904
28.2/10k pop
Industry mix · employment
Health care31%
Food & accommodation16%
Retail trade14%
Education13%
Finance & insurance13%
Manufacturing12%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
678,179
residents · 2025 · +2.8% since 2020
Income per capita $61.0k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration13,198
International migration+27,205
Natural change+4,054

GDP trend

20192024 · nominal
$37.2B
2019
$36.4B
2020
$39.2B
2021
$42.3B
2022
$44.7B
2023
$46.7B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$373.6k±$3.4k
Median gross rent
$1.3k/mo±$21/mo
Vacancy rate
6.7%±0.5%
Affordability
5.6× wages
Residential permits
$186.0M
1,028 units · 1.5/1k pop
FEMA risk score
93.7
HUD Fair Market Rent (2BR):no HUD FMR published for this area
TOP PERILS · FEMA NRI
Heat wave 97Hurricane 92Cold wave 91
FHFA HOUSE PRICE INDEX · 20162025
658
2016
698
2017
749
2018
780
2019
821
2020
935
2021
1077
2022
1180
2023
1285
2024
1354
2025
RESIDENTIAL PERMITS · 20212025
90% since 2021
540
2021
640
2022
489
2023
782
2024
1,028
2025

Transport access

BTS · FAA · USACE
Nearest interstate
5.2 km
I-295
Nearest freight rail
13.0 km
PW
Nearest port
16.2 km
PROVIDENCE STEAMBOAT CO WHARF
Nearest commercial airport
20.8 km
RHODE ISLAND TF GREEN INTL
Waterborne tonnage, host port(s) (CY2023):6,039,050 short tons/yr · Port of Providence, RI
Wage trend
BLS QCEW · 20192023
$66.7k
avg. annual pay · +18% since 2019
Nearby & same-state counties
by GDP rank
Kent$12.4BWashington$9.8BNewport$8.8B
The read

What is the GDP of Providence?

Providence's economy produced $46.7B in 2024, growing 4.5% year over yearabout the middle of the pack among US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.