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Moderate growth. Moderate competition. Score: 76.95.
Trusted Restaurant Analytics
Best Restaurant Location in Providence
Operating in Providence means accessing 1.7M consumers with $52K spending power, navigating high business concentration, and capitalizing on the area's moderate trajectory.
Capital requirements for Providence: $255K startup facing $52K earning households at 4.9x leverage.
76/100 opportunity score
1,676,000 metro residents
$52,000 average income
38/100 launch timing score
Cautious - High Preparation
190K
Population Size
$52K
Per-Capita Income
High
Business Density
5
Major Industries
Interactive Location Finder
Find the Best Restaurant Location in Providence
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Providence, United States
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Competitor Locations
Opportunity Zones
High Traffic Areas
1,676,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
Providence's Restaurant Potential
What makes Providence distinct for restaurant operators
76
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Promising Location
Financial Overview
Average Startup Cost
$255,000
Industry Success Rate
18%
Expected ROI Timeline
18-36 months
Customer Draw Radius
800m
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Unique Market Intelligence
$52K Income Demographics
systematic opportunity mapping
Market Position
Providence positioning
Capital requirements for Providence: $255K startup facing $52K earning households at 4.9x leverage.
Location costs run $28/sqft (73 walkability score), totaling $28,000/mo for standard retail footprint.
The 1.7M-person metro with $52,000 household incomes represents $87B in market potential.
Entry conditions: 4.9x funding multiple against moderate competition and moderate trajectory.
Calculated viability of 53/100 based on 4.9x investment, 73 foot traffic, $28 occupancy.
Providence runs on Education and Healthcare, supporting $52K earners.
Baseline 2.5% expansion against moderate competition. Standard entry dynamics.
$255K startup. 59 local income-months to break even.
Competitive Position
National ranking for restaurants
Score: 76.95/100. 1.7M people. $52K income.
Restaurant costs $255K to open. Income ratio: 0.20x.
Traffic: 73. Rent: $28/sqft. Income: $52K.
Moderate growth. Moderate competition. Score: 76.95.
1.7M metro. $28/sqft rent. 73 foot traffic.
$255K startup. $28,000/mo rent. 59 income-months to recoup.
Score 76.95. Moderate competition. Good entry point.
$87.2B total income across 1.7M people.
Strategic Recommendations
Actionable strategies tailored for Providence
Moderate growth. Moderate competition. Plan accordingly.
Traffic: 73. Rent: $28/sqft. $28,000/mo for 1000 sqft.
$52K income. Standard pricing. Test and adjust.
Restaurant: $255K to open. 59 income-months to recoup.
Traffic 73. Balanced. Mix storefront and digital.
1.7M metro. Focus on one location first.
$336,000/yr rent. 646.2% of local income. Factor that in.
Moderate growth. Moderate competition. Execution decides success.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Cautious - High Preparation
Current conditions in Providence favor waiting over rushing. Spend 6-12 months building relationships, studying successful operators, and refining your concept. Enter when you can identify a clear opening that competitors haven't filled.
Timing score: 38/100
- ⚖️ Moderate competition - balanced market entry
- 🚶 Good foot traffic (73) - organic visibility
Seasonal Levers
- Holiday dining
- Summer outdoor seating
- Event catering opportunities
National Benchmarks
How Providence dominates
scaled across 1.7M consumers
Household earnings of $52,000 in Providence represent a 28% premium versus the $40,492 market average.
Operating costs at $28/sqft represent a 14% savings compared to $33/sqft typical rates.
The 73/100 pedestrian score represents 7% weaker organic discovery versus market baseline (79/100).
Providence's 1.7M metro area is 56% smaller than typical (3.8M), offering focused market dynamics.
Restaurant Market Analysis for Providence
Why Providence for Restaurants?
- Metro population of 1,676,000 provides large customer base
- Average income of $52,000 supports restaurant spending
- High business density indicates healthy economic activity
- Strong foot traffic opportunities throughout the city
- Strong demographics opportunities throughout the city
Restaurant Success Factors
Foot traffic
Essential
Demographics
Essential
Competition density
Essential
Parking availability
Essential
Visibility
Essential
Local cuisine preferences
Essential
Restaurant Market Insights for Providence
Tourism industry creates diverse dining opportunities and higher traffic
Seasonal Considerations for Providence
Holiday dining
Summer outdoor seating
Event catering opportunities
Zone Analysis: Providence
Where $28/sqft meets 73/100 foot traffic in Providence
Downtown Providence
High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base
Business District
Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities
Suburban Areas
Growth Area
Family-oriented demographics
Lower competition density
Ample parking available
Providence vs Other United States Cities for Restaurants
| City | Population | Avg Income | Market Score | Action |
|---|---|---|---|---|
| Providence ⭐ | 1,676,000 | $52,000 |
|
Current City |
| Atlanta | 6,307,000 | $71,000 |
|
Explore → |
| Plano | 7,760,000 | $102,000 |
|
View data → |
| Frisco | 7,760,000 | $127,000 |
|
Compare → |
| Fort Lauderdale | 6,166,000 | $73,000 |
|
Check it → |
Market Signals
Restaurant Insights Unique to Providence
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
In Providence, Demographics becomes the tiebreaker because $52,000 income bands.
03
Providence leads Atlanta by -14 opportunity points, justifying elevated location costs.
04
Our restaurant opportunity index scores Providence at 77/100—reflecting $52,000 resident earnings and 73 traffic rating.
05
Location costs run $28/sqft (73 walkability score), totaling $28,000/mo for standard retail footprint.
FAQ
Restaurant FAQs for Providence
Each answer references real Providence data so this section is unique across the site.
What makes the Providence market distinctive?
Location costs run $28/sqft (73 walkability score), totaling $28,000/mo for standard retail footprint.
What operational lever matters most for restaurants in Providence?
Demographics should lead your playbook because $52,000 income bands when launching in Providence.
How does Providence compare to other restaurant markets?
Benchmarked against Atlanta, Providence delivers -14 additional opportunity points—driven by superior market conditions.
What playbook works best for restaurants in Providence?
Moderate growth. Moderate competition. Plan accordingly.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
Ready to Open Your Restaurant in Providence?
Cautious - High Preparation with a 76/100 opportunity score, high competition, and a 73/100 foot traffic index. Current conditions in Providence favor waiting over rushing. Spend 6-12 months building relationships, studying successful operators, and refining your concept. Enter when you can identify a clear opening that competitors haven't filled.