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Smithfield, Rhode Island

Economy in Smithfield

Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.

Economy in Smithfield, Rhode Island

Smithfield's local economy benefits from a diversified base anchored by higher education, healthcare services, manufacturing, and retail trade. Bryant University serves as one of the largest employers in the area, contributing significantly to professional and administrative employment opportunities. Additionally, the town's strategic location along major thoroughfares allows many residents to easily commute to greater Providence and Boston for specialized corporate and tech roles.

Economy & Jobs

Average Salary
$76,000
Unemployment
3.80%
GDP
$0.0B
Business Score
70

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About Smithfield, Rhode Island

Smithfield is a historic town located in Providence County, Rhode Island, originally incorporated in 1730/31. Known for its blend of suburban convenience, rural charm, and academic presence, the town hosts Bryant University, which anchors much of its modern identity. Residents are drawn to Smithfield for its peaceful neighborhoods, excellent school systems, and preservation of open green spaces while maintaining close proximity to downtown Providence.

About Rhode Island

Rhode Island, the smallest U.S. state, offers a coastal New England lifestyle with a strong sense of community. Its economy is diverse, with major industries including healthcare and social assistance, manufacturing, education, professional and technical services, finance and insurance, and tourism and hospitality. Living in Rhode Island is generally more expensive than the national average, particularly due to higher housing and utility costs, though groceries and healthcare are more in line with national averages. The state experiences a New England climate with cold, snowy winters and warm summers, and its small size means beaches and urban amenities are usually a short drive away.

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