Starting a Business in Providence County, RI

What does it cost to start a business in Providence County? Here are the numbers.

Avg Startup Cost

$54,434

Monthly Overhead

$1,742

Est. Break-Even

30 mo

Runway

31 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,742/mo
Median Household Income$72,579
Property Tax Rate1.5%

Population (market size)657,984

Market Context

Median Home Value$310,500
Homeownership Rate55.8%
Median Rent$1,161/mo

CountyProvidence County

About Providence County, Rhode Island

Providence County in Rhode Island has a population of 657,984 and a median household income of $72,579. The larger population base provides a strong potential customer pool for new businesses.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Providence County

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Other Counties in Rhode Island

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.