NAICS 62

Healthcare and Social Assistance in Providence-Warwick, RI

Metro Market Score 53.9 (Challenging), ranked #164 of 248 metros. 10,870 establishments, 126,478 jobs.

Metro Market Score 53.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

At #164 of 248 metros, Providence-Warwick's healthcare and social assistance sector scores 53.9 on the market index. Concentration (75.0), wage levels (45.6), and growth (48.4) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

75.0

LQ: 1.24

Rank #186 of 248 metros

Wage Competitiveness

45.6

$61,955 avg wage

Growth Trend

48.4

Employment growth index

Rank #129 of 248 metros

Wage Pressure

41.4

YoY wage change index

10,870 Healthcare and Social Assistance Firms in Providence-Warwick

10,870

Establishments

-1.5% YoY

126,478

Total Employment

+3.3% YoY

$61,955

Average Annual Wage

+3.2% YoY

1.24

Location Quotient

Above national avg

Within Rhode Island

#1 of 1

healthcare and social assistance metros in state

Rhode Island state rank

#17 of 51

for healthcare and social assistance entry risk

vs State Median

0.0

matches median (53.9)

Providence-Warwick vs Rhode Island Statewide

How this metro's healthcare and social assistance market compares to Rhode Island overall. The state ranks #17/51 for entry risk.

Measure	Providence-Warwick	RI Statewide
Overall Score	53.9 Challenging	36.0 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#164 of 248 metros	#17 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 Professional, Scientific, and Technical Services 55.1 Other Services 57.7 Retail Trade 61.1 Information 61.6 Accommodation and Food Services 63.2 Administrative and Support Services 65.3 Finance and Insurance 66.0

Healthcare and Social Assistance Metros With Similar Conditions

Metros within 5 points of Providence-Warwick's 53.9 score. Useful when comparing markets with comparable entry profiles.

Lexington Park, MD 53.9 #163/248 Pueblo, CO 54.0 #165/248 Homosassa Springs, FL 54.0 #166/248 Muncie, IN 53.8 #162/248 Bangor, ME 53.8 #161/248 Yakima, WA 53.7 #160/248 State College, PA 54.1 #167/248 Erie, PA 54.3 #168/248 Kahului-Wailuku, HI 54.3 #169/248 Dallas-Fort Worth-Arlington, TX 54.3 #170/248

Healthcare and Social Assistance in States Bordering Rhode Island

State-level entry risk for healthcare and social assistance in adjacent states. Use this to weigh cross-border options.

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

Browse Healthcare and Social Assistance in Other States

State-level entry risk reports for healthcare and social assistance 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 healthcare and social assistance sector, the industry concentration component (75.0) 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