Nursing Care Facilities Market: ZIP 02822
Opportunity Score
82
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02822 is an urban area. with a population of 6,139 and household incomes above the national median ($87,185).
Area Profile
6,139
Population
$87,185
Median Income
+17% vs. national
Urban
Area Type
Median Age: 38.3 —
mixed-age market, broad menu appeal.
College-Educated: 27.7% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,060
2BR Fair Market Rent
$1,128
Median Gross Rent
$470 K
Median Home Value
Tips for Starting a Elder Care Business in Rhode Island
- State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
- Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
- Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
- Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+17% vs. $74,580
Nearby Markets
02892
5.3 mi
Pop: 5,704
$143,534
Walk: 9.1
02817
6.2 mi
Pop: 6,598
$137,485
Walk: 6.1
02898
6.9 mi
Pop: 1,745
$124,083
Walk: 6.2
02881
7.7 mi
Pop: 7,183
Walk: 7.7
02812
8.3 mi
Pop: 1,432
$111,711
02818
8.4 mi
Pop: 19,869
$120,952
Walk: 11.2
02893
8.5 mi
Pop: 31,025
$73,903
Walk: 12.2
02836
8.7 mi
Pop: 47
Check Another Market
Or estimate costs with the ElderCareCost 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