Providence County Income Charts

This section shows the Providence County Rhode Island economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Providence County depicts it has a Median earnings of $50,708 which is the smallest as measured by median earnings per worker of all the other counties in the metropolitan area. The county with the highest median earnings per worker in the area is Norfolk County which depicts a median earnings of $76,372 (50.6% larger). Comparing median earnings per worker to the United States average of $50,459, Providence County is about the same size. Also, in comparison with the state of Rhode Island, median earnings per worker of $53,847, Providence County is about 6.2% smaller.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $62,323 which is the smallest when sorted by median household income of all the other counties in the greater region. The county with the highest median household income in the area is Norfolk County which shows a median income of $105,320 (69.0% larger). Comparing median household income to the United States average of $64,994, Providence County is only about 4.3% smaller. Also, benchmarked against the state of Rhode Island, median household income of $70,305, Providence County is about 12.8% smaller.

The next section examines a variety of different income statistics for the Providence County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $15,000 and $19,999 at 32.0% of the total and is ranked #1. Second, it has the second smallest in terms of median earnings of less than $10,000 of all the other counties in the greater region when ranked by earnings between $75,000 and $99,999 at 8.6% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.7 which is in the middle range of other counties in the local area. The county with the highest average hours in the area is Newport County which depicts an average hours of 39.0 (only about 3.4% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $25.87 which is the smallest when sorted by average hourly earnings of all the other counties in the metro area. The county with the highest average hourly earnings in the area is Norfolk County which shows an average hourly earnings of $38.05 (47.1% larger). Comparing average hourly earnings to the United States average of $25.01, Providence County is only about 3.4% larger. Also, in comparison with the state of Rhode Island, average hourly earnings of $27.32, Providence County is about 5.6% smaller.

Figure 7 examines the number of self employed people in the Providence County metro area based on the number of people who reported any self employment income. Providence County shows it has a Self Employed of 8.3% which is the smallest as measured by percentage of people self employed of all the other counties in the greater region. The county with the highest percentage of people self employed in the area is Bristol County-RI which depicts a percentage self employed of 14.1% (71.2% larger).

Turning our attention to Figure 8, the median household income by age group, has the smallest proportion of median income-under 25 years at $67,977 of the total. Second, it has the smallest proportion of median income-25 to 44 years at $75,160 of the total. Third, it has the smallest proportion of median income-45 to 64 years at $40,456 of the total.

Figure 9 breaks down the source of income and Providence County has the smallest proportion of income from wages at 3.5% of the total. Second, it has the largest proportion of social security at 1.2% of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 18.5% which is the smallest when ranked by households with retirement income of all the other counties in the metro area. The county with the highest households with retirement income in the area is Newport County which shows a households with retirement income of 26.9% (45.4% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income the second smallest when ranked by overall family income of all the other counties in the metropolitan area at $88,968 of the total. Second, it has in the mid range of other counties in the local area when sorted by white family income at $58,987 of the total. Third, it has the second smallest in order of overall family income of all the other counties in the greater region in order of black family income at $36,344 of the total. Also, it has the second smallest when sorted by overall family income of all the other counties in the area as measured by american indian family income at $87,161 of the total. In addition, it has the largest proportion of asian family income at $43,738 of the total and is ranked #1. Furthermore, it has less than most other counties in the local area as measured by hawaiian family income at $45,136 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Providence County depicts it has the hightest cost of 129.0 for the cost of utilities aggregate.

Providence County Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It shows that from January 2010 to before the Wuhan Coronavirus Pandemic the monthly unemployment rate went from 12.4% to 5.4% in March 2020. This represents a decrease in the monthly unemployment rate of 56.5%. Since that time, the monthly unemployment rate has gone to 3.2% This represents a decrease in the monthly unemployment rate of 40.7%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from January 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 326,930 to 334,041 in March 2020. This represents an increase in the monthly labor force participation of 2.2%. Since that time, the monthly labor force participation has gone to 336,021 This represents an increase in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Providence County shows it has a Unemployment Rate of 3.8% which is the second most unemployment rate of all the counties in the greater Providence County region. The county with the highest unemployment rate in the area is Windham County which depicts a rate of 4.5% (17.6% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Providence County depicts it has a Labor Force Participation of 64.6% which is the second smallest when ranked by participation rate of all the other counties in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Providence County depicts full time employees approximately 3.2 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Providence County area. Providence County shows it has a Single Earner Families of 26.5% which is the largest of all counties in the greater Providence County region. The percentage of families with no one working is depicted in Figure 22. Providence County shows it has a Families with No One Working of 14.6% which is the second smallest in terms of families with no one working of all the other counties in the local area. The county with the highest families with no one working in the area is Windham County which shows a families with no worker of 18.5% (26.5% larger).

Providence County Poverty Charts

The next section details economy analysis about poverty for residents of the Providence County community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Providence County depicts it has a Total In Poverty of 85,453 which is the most of all counties in the greater Providence County region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Providence County depicts it has a Percent of Population In Poverty of 14.0% which is the highest of all counties in the greater Providence County region.

In Figure 25 people who are in poverty are broken out by age group. Providence County has the smallest proportion of person in poverty 35 to 54 years at 11% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Providence County has one of the largest proportions of hawaiian poverty rate at 24% of the total and is ranked #3. Only #2 Windham County (27%), and #1 Bristol County-MA (30%) are larger.

Figure 27 shows key poverty statistics for groups based on marriage status. Providence County has the largest proportion of married with children and in poverty at 34% of the total and is ranked #1. Second, it has the largest proportion of unmarried with children and in poverty at 39% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Providence County has the largest proportion of less than highschool in poverty at 14% of the total and is ranked #1. Second, it has the largest proportion of highschool graduate and in poverty at 9% of the total and is ranked #1. Third, it has the largest proportion of has some college and in poverty at 5% of the total and is ranked #1. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Providence County indicates it has a Public Assistance Percent of 19.8% which is more than all other counties in the greater Providence County region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Providence County shows it has a Gini Index of 46.4% which is in the center range of other counties in the surrounding region.

Providence County Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Providence County community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Providence County has the smallest proportion of people who bicycle or walk to work at 5% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Providence County or elsewhere.) Providence County has the largest proportion of people who carpooled at 9% of the total and is ranked #1. Second, it has the largest proportion of people who take the bus at 2% of the total and is ranked #1. Third, it has the largest proportion of people who took a taxicab, motorcycle or other at 1% of the total and is ranked #1. Also, it has the smallest proportion of people who work from home at 5% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Providence County has the smallest proportion of people who leave for work between 12am to 5am at 3% of the total. Second, it has the largest proportion of people who leave for work between 11am to 12noon at 9% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Providence County has the percentage of people with commute time of less than 5 minutesutes in the middle range of other counties in the surrounding region at 9% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 15% of the total and is ranked #2. The only larger county being Newport County with 18%. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 18% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 15 to 19 minutes at 17% of the total and is ranked #1. In addition, it has the smallest proportion of people with commute time between 35 to 39 minutes at 3% of the total. Furthermore, it has the smallest proportion of people with commute time between 40 to 44 minutes at 6% of the total.

The average commute time is shown in Figure 37. Providence County depicts it has a Avg Commute Time of 25 which is the second smallest in order of average commute time of all the other counties in the greater region. Figure 38 shows the difference between male versus female commuting time. Providence County shows average commute time in minutes for men 23.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Providence County has the largest proportion of no vehicle available at 24% of the total and is ranked #1. Second, it has the smallest proportion of 3 vehicles available at 7% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Providence County shows it has a Work in city or place where live of 30% which is in the center range of other counties in the greater region. The county with the highest people who both work and live in the same city in the area is Newport County which depicts a people who both work and live in the same city of 43% (43.9% larger). Comparing people who both work and live in the same city to the United States average of 43%, Providence County is approximately three-fourths the size. Also, versus the state of Rhode Island, people who both work and live in the same city of 32%, Providence County is only about 4.7% smaller.

Providence County Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Providence County depicts it has the hightest median earnings of $78,272 for the earnings-healthcare practitioners and tech occupations category. Similarly, Figure 47 shows the median earnings of women for the job categories and Providence County shows it has the hightest median earnings of $72,743 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Providence County employment data in terms of job categories and salary data.

Providence County Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Providence County shows it has the hightest entrepreneurs of 37% for the self employed management, business, science, and arts businesses group.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Providence County depicts it has the hightest entrepreneurs of 20% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Providence County depicts it has a Self Employment Income of $34,829 which is the smallest in order of average annual self employment income of all the other counties in the local area. The county with the highest average annual self employment income in the area is Norfolk County which depicts an average annual self employment income of $54,856 (57.5% larger). Comparing average annual self employment income to the United States average of $40,101, Providence County is about 15.1% smaller. Also, benchmarked against the state of Rhode Island, average annual self employment income of $41,742, Providence County is about 19.8% smaller.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Providence County depicts total number of self-employed men about twice as large as the total number of self-employed women.