Cranston, Rhode Island Income Statistics
Cranston Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Cranston Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cranston | Rhode Island Avg | US Average |
|---|---|---|---|
| Median Household Income | $90,177 | $88,093 | $80,455 |
| Median Personal Income | $67,312 | $66,452 | $60,758 |
| Average Yearly Income Growth | 4.8% | 5.2% | 4.8% |
| Six-Figure Earners | 14.7% | 14.6% | 13.9% |
| $200k+ Households | 12.8% | 13.8% | 13.2% |
The median household income in Cranston is about 2% higher than in Rhode Island. Income has been growing slower in Cranston (4.8%/yr) than in Rhode Island (5.2%/yr).
About 15% of adults in Cranston earn six figures ($100,000 or more) a year, about the same as the Rhode Island average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cranston, Rhode Island grew by 53.1% from 2009 to 2024, reaching $90,177 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Cranston
| Metric | Cranston | Rhode Island Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.529 | 0.552 |
| Male Median Income | $75,477 | $75,201 | $69,667 |
| Female Median Income | $67,751 | $63,031 | $56,850 |
| Gender Pay Gap | 10.2% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Cranston, it is 0.532, about the same as Rhode Island's 0.529, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in Cranston, Rhode Island. Over a 35-year career, a 11% wage gap accumulates to roughly $270,410 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cranston, Rhode Island has narrowed from about 22% to 10% in 2024. Over that period the gap was narrowest at 9% in 2015. In dollar terms, the gap has narrowed by $3,598 since 2009.
Employment
| Metric | Cranston | Rhode Island Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.1% | 5.8% | 5.2% |
| Working from Home | 13.0% | 13.0% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 2,791 people are unemployed in Cranston, Rhode Island.
The average commute time in Cranston is 20 minutes, shorter than the 21 minutes in Rhode Island.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cranston, Rhode Island has fallen from 9.6% to 6.1% in 2024. Over that period the rate peaked at 10.6% in 2014 and fell as low as 3.7% in 2020.
Cranston, RI Wealth Compared With Nearby Cities
Cranston, RI is the 2nd largest of the 5 cities compared here, 83,232 residents against a local median of 65,005. The measure that sets Cranston, RI apart most is median household income: $90,177, 26% above the local median of $71,816. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.8%/yr against a local median of 5.9%/yr, 18% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Cranston, RI is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread $39,098 on median household income, so Cranston, RI sits at one end of an already wide local range rather than apart from it. Cranston, RI has the highest median household income of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Cranston, RI | 83,232 | $90,177 #1/5 | 4.8%/yr #3/5 | 6.1% #3/5 | 0.532 #4/5 |
| Providence, RI | 191,427 | $67,755 | 7.7%/yr | 8.2% | 0.581 |
| Warwick, RI | 82,883 | $88,274 | 3.6%/yr | 5.1% | 0.500 |
| East Providence, RI | 47,128 | $75,877 | 4.8%/yr | 5.5% | 0.500 |
| Central Falls, RI | 22,570 | $49,176 | 7.0%/yr | 7.9% | 0.525 |
Conclusion
Considering all these factors, Cranston, Rhode Island has an overall wealth index grade of B, making it somewhat better than Rhode Island, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cranston, Rhode Island.
How Rich Is Cranston, Rhode Island?
Cranston has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $90,177, about 2% higher than the Rhode Island average of $88,093.
How has median household income changed in Cranston, Rhode Island?
Between 2009 and 2024, the median household income in Cranston, Rhode Island rose 53%, from $58,882 to $90,177. Over the same years, income here lagged behind Rhode Island as a whole: +53% against +57%.
What was the median household income in Cranston in 2023?
In 2023, the median household income in Cranston, Rhode Island was $88,185, up 5% from $83,945 in 2022. The Rhode Island median that year was $86,472.
What was the median household income in Cranston in 2020?
In 2020, the median household income in Cranston, Rhode Island was $74,432. By 2024 it had risen 21% to $90,177.
What is the Gini coefficient in Cranston, Rhode Island?
The Gini coefficient in Cranston is 0.532. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Cranston, Rhode Island?
Since 2009, the income gap between men and women in Cranston, Rhode Island has narrowed from about 22% to 10% in 2024. Over that period the gap was narrowest at 9% in 2015. In dollar terms, the gap has narrowed by $3,598 since 2009.
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