NAICS 62

Healthcare and Social Assistance in Rhode Island: 2026 Market Risk Report

Entry risk 36.0 (Moderate), ranked #17 of 51 states. 5,589 establishments, 84,475 jobs.

Entry Risk Assessment

Entry Risk Score 36.0
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

ⓘ Lower is better. Relative to national healthcare and social assistance average.

🛡️Stable Market💎Hidden Gem

Rhode Island exhibits structural stability in healthcare and social assistance, with volatility at 33.6 and firm retention ranking in the top 10. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
88.2%
Percentile within industry
Rank #7 of 51 states
Growth Momentum
7.1
Scale of 0-100
Rank #50 of 51 states
Establishment Density
14.4
vs. national average
Rank #37 of 51 states
Market Volatility
33.6
Lower is more stable
Wage Pressure Index
47.2
Labor cost pressure

5,589 Establishments in Rhode Island

5,589
Establishments
+7.2% YoY
84,475
Total Employment
+4.1% YoY
$62,583
Average Annual Wage
+3.0% YoY

Rhode Island vs National Healthcare and Social Assistance Average

How Rhode Island's healthcare and social assistance market compares to the national average across all 51 states.

Metric RI National Difference
Entry Risk Score 36.0 40.5 -4.5
5-Year Retention 88.2% 51.0% +37.2
Growth Momentum 7.1 46.8 -39.7
Market Volatility 33.6 27.8 +5.8
Establishment Density 14.4 12.9 +1.5
Wage Pressure 47.2 49.0 -1.8

Green = favorable vs national average. Red = less favorable. Metrics are relative within healthcare and social assistance only.

Rhode Island Ranks #17 of 51 for Healthcare and Social Assistance

Rhode Island ranks #17 out of 51 states for healthcare and social assistance market entry conditions.

Healthcare and Social Assistance Entry Risk by State

Rank State Risk Score Classification
#1 Utah 22.9 low
#2 Nebraska 23.7 low
#3 North Dakota 26.2 low
#4 Iowa 26.7 low
#5 District of Columbia 27.9 low
#17 Rhode Island You 36.0 moderate
Entry Risk by State Alaska — 50.3 · #44 Alabama — 43.6 · #31 Arkansas — 39.5 · #24 Arizona — 44.1 · #32 California — 54.6 · #49 Colorado — 46.7 · #35 Connecticut — 30.9 · #8 District of Columbia — 27.9 · #5 Delaware — 44.8 · #33 Florida — 47.2 · #37 Georgia — 43.3 · #28 Hawaii — 50.2 · #43 Iowa — 26.7 · #4 Idaho — 29.8 · #7 Illinois — 43.6 · #30 Indiana — 31.2 · #10 Kansas — 34.0 · #15 Kentucky — 54.4 · #48 Louisiana — 34.6 · #16 Massachusetts — 48.4 · #40 Maryland — 36.8 · #21 Maine — 49.9 · #42 Michigan — 52.5 · #46 Minnesota — 31.0 · #9 Missouri — 55.6 · #51 Mississippi — 38.3 · #23 Montana — 33.0 · #13 North Carolina — 33.0 · #14 North Dakota — 26.2 · #3 Nebraska — 23.7 · #2 New Hampshire — 36.6 · #19 New Jersey — 45.1 · #34 New Mexico — 53.1 · #47 Nevada — 37.2 · #22 New York — 48.2 · #39 Ohio — 40.2 · #26 Oklahoma — 49.7 · #41 Oregon — 55.6 · #50 Pennsylvania — 29.5 · #6 Rhode Island — 36.0 · #17 South Carolina — 31.5 · #12 South Dakota — 31.4 · #11 Tennessee — 47.4 · #38 Texas — 46.8 · #36 Utah — 22.9 · #1 Virginia — 39.9 · #25 Vermont — 36.7 · #20 Washington — 52.3 · #45 Wisconsin — 43.4 · #29 West Virginia — 40.3 · #27 Wyoming — 36.4 · #18
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Rhode Island stack up against other states for healthcare and social assistance?

Select a state above to see the comparison

Healthcare and Social Assistance in Neighboring States

How Rhode Island's healthcare and social assistance market compares to bordering states.

Connecticut 30.9 #8/51 Massachusetts 48.4 #40/51

Other Industries in Rhode Island

Construction → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →