Providence city, RI

ZIP 02905 — 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 (02905)

Median Income

$57,126

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+915

Wealth inflow

Population

24,780

Unemployment

10.8%

7.1pp above US avg

IRS migration statistics show a net inflow of about 915 for ZIP 02905 (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

10.8%+191% vs US avg

Self-Employed

1.4%-76% vs US avg

SNAP Benefits

26.6%+127% vs US avg

543

Establishments

9,934

Employees

~18 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

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

Occupation

Industry

Agriculture, forestry, mining0.8%
Construction4.2%
Manufacturing14.3%
Wholesale trade1.4%
Retail trade13.8%
Transportation, utilities5.2%
Information1.5%
Finance, insurance, real estate5.6%
Professional, scientific, management9.3%
Education, health care, social29.4%
Arts, entertainment, food services8.7%
Other services2.4%
Public administration3.4%

Household Income

Historical Trends in 02905 (2020–Present)

Since 2020, population declined 4.8%, median income rose 11.0% (inflation-adjusted), home values increased 19.9%.

Median Income

$57,126

-24% vs US avg

Unemployment Rate