ZIP Code 02863 — Central Falls city, RI Demographics & Data

ZIP code 02863 covers Central Falls, RI in Providence County with a population of about 22,481.

At a glance, the area shows median age of 31.9 versus a U.S. median of about 38.9.

It sits in telephone area code 401; U.S. House district RI-1; the PROVIDENCE - NEW BEDFORD media market.

Median household income in ZIP 02863 is about $45,921 — about 39% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 22.3%; unemployment rate near 10.0%; 11.5% of adults with a bachelor’s degree or higher (about 22.2 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Healthcare, and Administrative support; about 4.6% of workers reporting work-from-home (about 10.6 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $300,500 — about 14% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $954 (about 18% below the U.S. median rent ($1,163)), and owner-occupancy near 28.6% (about 36.8 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 02863 in Central Falls, RI, a household would need roughly $83,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,930. That is about 81% above the local median household income ($45,921), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Central Falls city, RI as Relatively Moderate (composite score 93.7), which is among the highest nationally. The strongest component scores on US5 are flood (96.6) and hurricane (91.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Central Falls city, RI show little to no average snow and around 51.9 inches of annual precipitation.

IRS migration statistics show a net inflow of about 830 for ZIP 02863 (Central Falls city, RI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.