Providence city, RI

ZIP 02907 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Providence city, RI (02907)

Median Income

$49,564

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,161

Wealth inflow

Population

31,427

Unemployment

8.6%

4.9pp above US avg

IRS migration statistics show a net inflow of about 1,161 for ZIP 02907 (Providence 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.

Economic Indicators

Unemployment

8.6%+131% vs US avg

Self-Employed

2.8%-55% vs US avg

SNAP Benefits

37.6%+222% vs US avg

590

Establishments

7,563

Employees

~13 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Construction7.6%
Manufacturing12.8%
Wholesale trade2.3%
Retail trade8.7%
Transportation, utilities12.7%
Information3.1%
Finance, insurance, real estate3.8%
Professional, scientific, management12.8%
Education, health care, social19.1%
Arts, entertainment, food services8.2%
Other services5.2%
Public administration3.7%

Household Income

Historical Trends in 02907 (2020–Present)

Since 2020, population grew 0.5%, median income rose 4.7% (inflation-adjusted), home values increased 33.5%.

Median Income

$49,564

-34% vs US avg

Unemployment Rate