Private Schools Market: ZIP 02809
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02809 is an urban area with moderate foot traffic. with a population of 22,317 and household incomes above the national median ($96,005).
Area Profile
22,317
Population
$96,005
Median Income
+29% vs. national
Urban
Area Type
12.4/20
Foot Traffic
Walkable
Median Age: 43.6 —
older demographic, may prefer sit-down options.
College-Educated: 31.6% —
balanced market for quality & value.
Competition
Private Schools and related businesses in ZIP 02809.
4
Child Care Centers
1.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,750
2BR Fair Market Rent
$1,352
Median Gross Rent
$450 K
Median Home Value
5
Bank Branches
$350 K deposits
Tips for Starting a Private School Business in Rhode Island
- Accreditation takes 2-3 years but determines whether your tuition qualifies for tax credits and whether colleges recognize your diplomas.
- Your first 50 students are the hardest. Most private schools break even around 80-120 students. Plan for 2-3 years of operating losses.
- Facility costs dominate. Leasing a church or community center cuts your startup cost by 60-80% vs. building or buying.
- Teacher salaries run 15-30% below public school equivalents. You'll attract mission-driven educators, but benefits and culture have to compensate.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 4
- Bank Branches
- 5
vs. National Average
Median Income
+29% vs. $74,580
Walkability
+1.9 pts vs. national avg
Nearby Markets
02885
3.6 mi
Pop: 11,138
$89,722
Walk: 13.1
02806
5.1 mi
Pop: 17,113
$150,542
Walk: 10.0
02871
6.2 mi
Pop: 17,635
$119,135
Walk: 10.4
02872
6.4 mi
Pop: 105
$132,969
02724
6.6 mi
Pop: 18,758
$49,809
Walk: 14.8
02725
6.6 mi
Pop: 2,300
$127,228
02777
7.0 mi
Pop: 17,231
$116,627
Walk: 8.6
02889
7.4 mi
Pop: 27,533
$85,617
Walk: 13.4
Check Another Market
Or estimate costs with the PrivateSchoolCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits