Private Schools Market: ZIP 02824
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02824 is an urban area. with a population of 375 and household incomes well above the national median ($158,438).
Area Profile
375
Population
$158,438
Median Income
+112% vs. national
Urban
Area Type
Median Age: 34.5 —
mixed-age market, broad menu appeal.
College-Educated: 31.2% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,610
2BR Fair Market Rent
$410 K
Median Home Value
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.
- The median income here is $158,438. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+112% vs. $74,580
Nearby Markets
02876
1.5 mi
Pop: 444
$33,008
02896
2.1 mi
Pop: 11,683
$109,436
Walk: 8.8
01529
2.8 mi
Pop: 3,156
$115,789
Walk: 4.5
01504
3.5 mi
Pop: 9,211
$98,986
Walk: 7.5
02895
4.3 mi
Pop: 43,081
$58,579
Walk: 12.4
02826
6.0 mi
Pop: 615
$75,347
01569
6.2 mi
Pop: 14,127
$122,458
Walk: 6.2
02838
6.2 mi
Pop: 4,007
$82,075
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