NAICS 72

Accommodation and Food Services in Providence-Warwick, RI

Metro Market Score 63.2 (Difficult), ranked #214 of 298 metros. 4,484 establishments, 72,985 jobs.

Metro Market Score 63.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national accommodation and food services average.

💰High-Cost Market⚡Rising Wages

Wage costs in Providence-Warwick's accommodation and food services sector are well above the metro average, with wage competitiveness at 77.5 and rising pressure at 72.0. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration

66.8

LQ: 1.13

Rank #199 of 298 metros

Wage Competitiveness

77.5

$29,405 avg wage

Growth Trend

↑ 57.7

Employment growth index

Rank #127 of 298 metros

Wage Pressure

72.0

YoY wage change index

4,484 Accommodation and Food Services Firms in Providence-Warwick

4,484

Establishments

-0.4% YoY

72,985

Total Employment

+0.6% YoY

$29,405

Average Annual Wage

+3.7% YoY

1.13

Location Quotient

Above national avg

Within Rhode Island

#1 of 1

accommodation and food services metros in state

Rhode Island state rank

#6 of 51

for accommodation and food services entry risk

vs State Median

0.0

matches median (63.2)

Providence-Warwick vs Rhode Island Statewide

How this metro's accommodation and food services market compares to Rhode Island overall. The state ranks #6/51 for entry risk.

Measure	Providence-Warwick	RI Statewide
Overall Score	63.2 Difficult	28.3 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#214 of 298 metros	#6 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Providence-Warwick

Real Estate and Rental and Leasing 53.5 Healthcare and Social Assistance 53.9 Professional, Scientific, and Technical Services 55.1 Other Services 57.7 Retail Trade 61.1 Information 61.6 Administrative and Support Services 65.3 Finance and Insurance 66.0

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of Providence-Warwick's 63.2 score. Useful when comparing markets with comparable entry profiles.

Farmington, NM 63.2 #215/298 Naples-Marco Island, FL 63.3 #216/298 Charleston-North Charleston, SC 63.4 #217/298 Fort Collins-Loveland, CO 62.8 #213/298 Lakeland-Winter Haven, FL 62.6 #212/298 Portland-Vancouver-Hillsboro, OR 63.9 #218/298 Austin-Round Rock-San Marcos, TX 62.4 #211/298 Lafayette, LA 62.3 #210/298 Wheeling, WV 64.0 #219/298 Redding, CA 62.2 #208/298

Accommodation and Food Services in States Bordering Rhode Island

State-level entry risk for accommodation and food services in adjacent states. Use this to weigh cross-border options.

Massachusetts 28.4 #7/51 Connecticut 37.3 #27/51

Browse Accommodation and Food Services in Other States

State-level entry risk reports for accommodation and food services across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Providence-Warwick's accommodation and food services sector, the wage competitiveness component (77.5) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Providence-Warwick, RI-MA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment