Private Schools Market: ZIP 02908
Opportunity Score
62
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02908 is an urban area with high foot traffic. with a population of 39,661 and household incomes near the national median ($74,341). There are 6 private schools operations in ZIP 02908.
Area Profile
39,661
Population
$74,341
Median Income
+0% vs. national
Urban
Area Type
15.1/20
Foot Traffic
Very Walkable
Median Age: 34.5 —
mixed-age market, broad menu appeal.
College-Educated: 19.2% —
value-focused market, keep prices competitive.
Competition
Private Schools and related businesses in ZIP 02908.
6
Private Schools
Moderate — proven market
1.5 per 10K residents
3
Child Care Centers
0.8 per 10K residents
What this means:
Private Schools are 66.7% of the relevant market in ZIP 02908 (6 vs. 3 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,600
2BR Fair Market Rent
$1,381
Median Gross Rent
$290 K
Median Home Value
3
Bank Branches
$310 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
- Very Walkable
- Private Schools
- 6
- Related Businesses
- 3
- Bank Branches
- 3
vs. National Average
Median Income
+0% vs. $74,580
Walkability
+4.6 pts vs. national avg
Nearby Markets
02918
0.4 mi
Pop: 2,944
Walk: 15.4
02904
1.3 mi
Pop: 32,462
$64,637
Walk: 15.0
02909
1.7 mi
Pop: 44,445
$63,950
Walk: 15.4
02903
2.4 mi
Pop: 12,309
$62,987
Walk: 18.8
02911
2.6 mi
Pop: 14,963
$85,803
Walk: 14.5
02912
2.7 mi
Pop: 4,824
Walk: 15.7
02907
3.0 mi
Pop: 31,427
$49,564
Walk: 16.0
02906
3.5 mi
Pop: 26,327
$102,796
Walk: 16.4
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