Rhode Island Employment Statistics
87.5% of employees work for a private company, this is 2.3% greater than the national average of 85.2%. Local government agencies employ 6.8% of the workers in the state, state government agencies employ 3.4% of the workers and the federal government employs 2.3%. The percentage of employees working for a government agency (12.5%) is 2.3% lower than the national average. The chart below illustrates the breakout of employees by type of employer.
- 38,009 employers
- 482,020 employees
- $1,032 average weekly wage
- The average weekly wage is 6.3% below the national average
- The cost of living is 22.5% above the national average
Types of Employers (Private Sector vs Government Agency)
As an employer in Rhode Island, you are most likely to be running a private company rather than a government agency. 98.2% of employers run private companies in the state, BIGGER1.1% greater than the national average of 97.0. The remaining 1.8% of employers are government agencies: 0.5% work in a federal agency, 0.3% work for the state and 1.1% work for local government. The chart below illustrates the breakout of employers by type.
The average weekly wage in Rhode Island is $1,032 per week, which is 6.3% greater than the national average of $1,101 per week. Rhode Island workers that are employed by private businesses earn $994 per week, 9.6% lower than the national average for private company employees. Employees of federal government agencies in Rhode Island earn $1,604 per week, a premium of 61.4% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Businesses by SectorThe sector with the greatest number of businesses in the state is Professional services with 14.2% of the businesses in the state. Healthcare (10.3%) and Retail trade (10.1%) round out the top 3 sectors.
Table: Sectors by # of Businesses
|Sector||# Businesses||% of Bus.|
|Accommodation and food services||3,139||8.3%|
|Finance and insurance||1,721||4.5%|
|Real estate and rental||1,148||3.0%|
|Transport and warehousing||795||2.1%|
|Arts and entertainment||608||1.6%|
|Agriculture and forestry||179||0.5%|
|Mining and oil extraction||15||0.0%|
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare
with 16.6% of the employees in the state. Accommodation and food services
(10.3%) and Retail trade
(10.1%) round out the top 3 sectors.
Table: Sectors by # of Employees
|Sector||# Employees||% of Emp'|
|Accommodation and food services||49,648||10.3%|
|Finance and insurance||25,929||5.4%|
|Transport and warehousing||10,495||2.2%|
|Arts and entertainment||9,510||2.0%|
|Real estate and rental||6,367||1.3%|
|Mining and oil extraction||0||0.0%|
|Agriculture and forestry||0||0.0%|
Average Weekly Wage by Sector
The sector that pays their employees the highest is Company management
paying $2,332per week compared with the state average of $994. Utilities
($2,186) and Finance and insurance
($1,884) round out the top 3 sectors.
Table: Wages by Sector
|Sector||Wkly Wage||vs St Avg.|
|Finance and insurance||$1,884||189.5%|
|Real estate and rental||$916||92.2%|
|Transport and warehousing||$818||82.3%|
|Arts and entertainment||$596||60.0%|
|Accommodation and food services||$409||41.1%|
|Mining and oil extraction||$0||0.0%|
|Agriculture and forestry||$0||0.0%|
Businesses by Industry
Each broad sector is made up of specific industries. In Rhode Island. the industry with the most businesses is Restaurants and other eating places
with 6.4% of the businesses in the state (with 2,424 employing 39,130 workers). Computer systems design and related services
(4.1%) and Wholesale trade agents and brokers
(3.5%) round out the top 3 industries. The Top 10 Industries in the state are:
|Restaurants and other eating places||2,424||16.1|
|Computer systems design and related services||1,574||4.7|
|Wholesale trade agents and brokers||1,320||2.0|
|Residential building construction||1,017||2.7|
|Services for the elderly and disabled||936||3.8|
|Management consulting services||787||2.7|
|Offices of lawyers||780||4.7|
|Offices of physicians||624||13.4|
|Accounting and bookkeeping services||577||5.2|
Employees by Industry
The industry with the greatest number of employees in the state is Restaurants and other eating places
with 8.1% of the businesses in the state. The industry employs 39,130 in 2,424 businesses, there are 16.1 employees on average in each of these businesses. General medical and surgical hospitals
(3.7%) and Management of companies and enterprises
(2.8%) round out the top 3 industries.
Table: Industries by # of Employees
|Restaurants and other eating places||39,130||16.1|
|General medical and surgical hospitals||17,991||1,383.9|
|Management of companies and enterprises||13,313||43.1|
|Colleges and universities||11,986||141.0|
|Nursing care facilities skilled nursing||9,917||114.0|
|Temporary help services||9,773||18.9|
|Supermarkets and other grocery stores||8,804||48.4|
|Offices of physicians||8,351||13.4|
|Computer systems design and related services||7,439||4.7|
Average Weekly Wage by Industry
The industry that pays their employees the most is Portfolio management
, paying $9,552 compared with the state average of $994. Cable and other subscription programming
($4,562) and Miscellaneous intermediation
($3,471) round out the top 3 industries.
Table: Wages by Industry
|Industry||Wkly Wage||% of Avg|
|Cable and other subscription programming||$4,562||459.0|
|Electric power generation||$3,137||315.6|
|Professional employer organizations||$2,622||263.8|
|Furniture merchant wholesalers||$2,391||240.5|
|Management of companies and enterprises||$2,332||234.6|
Rhode Island Businesses by Size
company, has the most businesses in Rhode Island by far. 64.8% of all businesses in the state have fewer than 5 employees. The 35,526 small businesses in the state represent 96.2% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.
Rhode Island Employees by Business Size
The largest companies in the state represent 117.5% of all employees, which is 21.0% lower than the national average of 138.4%. Smallest companies also employ a lower percentage of the states workforce than the largest companies. The solopreneur
(those that employ fewer than 5) companies employ 89.4% of all workers, which is 2.1% lower than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 525.8% of the labor force in the state, 24.2% less than the national average of 550.0%.
Rhode Island Avg Weekly Wages by Business Size
The smallest companies in Rhode Island (those with fewer than 5 employees) pay workers 7.3% more than the national average ($1,052 per week as compared to the national average of $975 per week). The largest companies in Rhode Island (those with more than 1,000 employees) pay 25.0% workers below the national average ($1,506 per week as compared to the national average of $1,882 per week).
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.