Startup Costs in Rhode Island
Rhode Island's small size means your entire customer base is within a 45-minute drive. Providence has a strong food scene and supports independent businesses well. The state's costs are moderate compared to neighboring Massachusetts and Connecticut. Tourism along the coast provides seasonal revenue opportunities, especially for food and service businesses.
Rhode Island (RI) by the Numbers
$150
$50
5.99%
7.00%
$16.00/hr
1.08x
1.05x
1.00x
What Rhode Island's Numbers Mean for Founders
- State income tax caps at 5.99%.
- Minimum wage is $16.00/hour - on the high end nationally, which lifts your entry-level labor costs.
Rhode Island Cost Guides (10)
Bakery
How much does it cost to start a bakery in Rhode Island? Expect $15,500-$262,500. Rhode Island-speci
Cleaning Business
Starting a cleaning business in Rhode Island costs $1,600-$15,500. Full Rhode Island cost breakdown
Coffee Shop
Rhode Island coffee shop startup costs: $26,000-$315,000. Complete guide to Rhode Island licensing,
Dog Grooming Business
Rhode Island dog grooming business startup costs: $5,000-$105,000. Complete guide to Rhode Island li
Food Truck
Starting a food truck in Rhode Island costs $29,500-$119,500. Full Rhode Island cost breakdown with
Gym
How much does it cost to start a gym in Rhode Island? Expect $52,500-$525,000. Rhode Island-specific
Landscaping Business
Rhode Island landscaping business startup costs: $5,000-$52,500. Complete guide to Rhode Island lice
Personal Training Studio
Rhode Island personal training studio startup costs: $21,000-$105,000. Complete guide to Rhode Islan
Pressure Washing Business
Starting a pressure washing business in Rhode Island costs $3,100-$21,000. Full Rhode Island cost br
Restaurant
Rhode Island restaurant startup costs: $183,500-$787,000. Complete guide to Rhode Island licensing,