Rhode Island

• Income gap: Households earn meaningfully less than the national median, affecting retail demand, housing absorption, and tax base statewide.
• Talent gap: Bachelor's-or-higher attainment trails the national average by -2.0 pts, relevant for advanced-services attraction strategy.

• Largest sector: Health Care and Social Assistance employs 86,121 workers (23.5% of the top displayed sectors), at an average wage of $64,819.
• Economic scale: State GDP of $80.4B (2024) with per-capita income of $70,622.

• Top specialization: Textile Mills concentrates at 5.68x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity.
• Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base across the state.
• Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment.

• In line with national: Home value to income ratio of 4.6x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.

• Succession risk is real: 22.3% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
• Strong participation: 87.0% labor force participation indicates an engaged, available workforce statewide.

Rhode Island shows strong potential for textile mills attraction, with a 5.68x concentration and 1,479 jobs in this sub-sector. Near-term succession risk is elevated, with 22.3% of the working-age population within 10 years of retirement age.

Cluster depth across textile mills, educational services, and fishing, hunting and trapping creates supply-chain attraction leverage, a structural advantage for industrial recruitment.

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