Opportunity Zones in Rhode Island

Rhode Island has 25 designated opportunity zones, all of which are low-income communities. Rhode Island did not designate any eligible non-low-income contiguous tracts as opportunity zones.

Urban vs. Rural

The entire state of Rhode Island is classified by the Census Bureau as metropolitan. Therefore, 100 percent of Rhode Island’s opportunity zones are deemed to be in urban areas, with none in rural areas. The majority of the state’s 25 opportunity zones are clustered in the greater Providence area.

Urban vs. Rural in Rhode Island Opportunity Zones

Rhode Island Opportunity Zones Map

 

Analysis of Rhode Island’s Opportunity Zones

Characteristics Designated Opportunity Zones Eligible, nondesignated All state tracts
Descriptives (N)
Total number of tracts 25 72 244
Low-income communities 25 53 78
Contiguous 0 19 19
Economic (average or average %)
Median household income $35,682 $43,719 $60,746
Poverty rate 27.38% 24.15% 14.56%
Unemployment rate 10.68% 10.61% 7.88%
Housing (average or average %)
Median home value $198,928 $214,752 $251,586
Median rent/month $878 $900 $994
Homeownership 33.03% 38.93% 58.02%
Severe rent burden 28.06% 24.72% 22.79%
Vacancy rate 13.41% 13.17% 11.05%
Demographic (average %)
White alone 55.95% 51.16% 73.87%
Black alone 10.23% 11.47% 5.77%
Hispanic 24.45% 28.55% 13.76%
Asian Americans and Pacific Islanders alone 4.02% 4.39% 3.29%
Younger than 18 20.24% 21.74% 19.90%
Older than 64 13.35% 12.22% 15.95%
Education (average %)
Age 25+ with high school degree or less 51.16% 49.24% 40.74%
Age 25+ with bachelor’s degree or higher 22.15% 27.05% 32.73%
Socioeconomic change flag (%) 4.00% 2.78% 1.23%
Geography (%)
In a metro area 100.00% 100.00% 100.00%
In a micro area 0.00% 0.00% 0.00%
Non-core-based statistical area (not in a metro nor micro area) 0.00% 0.00% 0.00%

Data Source: Urban Institute

Rhode Island Counties & Cities

List of counties in Rhode Island: Bristol, Kent, Newport, Providence, Washington

List of top 150 U.S. cities located in Rhode Island: Providence

Census tracts designated as opportunity zones in Rhode Island

Website: Rhode Island Commerce Corporation

State County Census Tract Number Tract Type ACS Data Source
Rhode Island Bristol 44001030500 Low-Income Community 2011-2015
Rhode Island Bristol 44001030700 Low-Income Community 2011-2015
Rhode Island Kent 44003020200 Low-Income Community 2011-2015
Rhode Island Newport 44005040500 Low-Income Community 2011-2015
Rhode Island Providence 44007000101 Low-Income Community 2011-2015
Rhode Island Providence 44007000200 Low-Income Community 2011-2015
Rhode Island Providence 44007000600 Low-Income Community 2011-2015
Rhode Island Providence 44007000800 Low-Income Community 2011-2015
Rhode Island Providence 44007001900 Low-Income Community 2011-2015
Rhode Island Providence 44007002500 Low-Income Community 2011-2015
Rhode Island Providence 44007010400 Low-Income Community 2011-2015
Rhode Island Providence 44007011100 Low-Income Community 2011-2015
Rhode Island Providence 44007011200 Low-Income Community 2011-2015
Rhode Island Providence 44007011800 Low-Income Community 2012-2016
Rhode Island Providence 44007014700 Low-Income Community 2011-2015
Rhode Island Providence 44007015100 Low-Income Community 2011-2015
Rhode Island Providence 44007015200 Low-Income Community 2011-2015
Rhode Island Providence 44007016100 Low-Income Community 2011-2015
Rhode Island Providence 44007016700 Low-Income Community 2011-2015
Rhode Island Providence 44007017900 Low-Income Community 2011-2015
Rhode Island Providence 44007018000 Low-Income Community 2011-2015
Rhode Island Providence 44007018500 Low-Income Community 2011-2015
Rhode Island Washington 44009050801 Low-Income Community 2011-2015
Rhode Island Washington 44009051400 Low-Income Community 2011-2015
Rhode Island Washington 44009051504 Low-Income Community 2011-2015

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