Rhode Island Demography
Rhode Island, located in the New England region of the United States, has a population of approximately 1,095,962 people. The state has experienced a steady annual growth rate of 4.26%, indicating a positive trend in population expansion. Out of the total population, there are 887,729 individuals who are over 18 years old, representing a significant market for various services, including Digital Design.
Rhode Island Business Landscape
Rhode Island boasts a thriving business landscape, with a GDP of $77,948 million in 2023. The state has witnessed an impressive GDP growth rate of 8.9%, indicating a robust and flourishing economy. The corporate tax rate in Rhode Island stands at 7%, providing a favorable environment for businesses to thrive. As of 2024, there are 47,982 registered businesses in the state, with a yearly change rate of 4.5%. These statistics highlight the vibrant and dynamic business ecosystem in Rhode Island.
Digital Design Services Globally and in Rhode Island
The global market size of Digital Design services is estimated to be $49,700,000, with a growth rate of approximately 3.3%. The United States holds a significant share of this market, accounting for around 29%, which amounts to $14,413,000. Rhode Island, being a part of the United States, benefits from this thriving market and offers a range of Digital Design services to cater to the growing demand.
Digital Design Services in the US
The United States is a hub for Digital Design services, with a substantial market size and a diverse range of offerings. Companies across the country provide innovative and cutting-edge solutions in various industries, leveraging the power of digital design to enhance user experiences and drive business growth. Rhode Island, being a part of this dynamic landscape, contributes to the overall growth and development of Digital Design services in the US.
Top Rhode Island Cities: Economic Insights
Rhode Island is home to several economically important cities, including Newport and Bristol. Newport has a population of 82,545 people as of 2023, with an income per capita of $40,293. Bristol, on the other hand, has a population of 49,426 people in 2023, with an income per capita of $38,893. These cities play a crucial role in driving the economic growth of Rhode Island and offer significant opportunities for businesses, including Digital Design agencies, to thrive and succeed.
Digital Design Price in Rhode Island
When it comes to the pricing of Digital Design services in Rhode Island, the market offers a range of options to suit different budgets. According to Qualified.One statistics, 41.5% of projects have a budget below $10,000, while 35% have a budget ranging from $10,000 to $50,000. Additionally, 18% of projects fall within the budget range of $50,000 to $200,000, and 0.8% have a budget between $200,000 and $1 million. It is worth noting that there are no projects with budgets exceeding $1 million or $10 million. The average project size for Digital Design services in Rhode Island is $30,580, providing businesses with a clear understanding of the pricing landscape in the state.
Summary of Digital Design Market in Rhode Island
| Market Data | Value |
|---|---|
| Global Market Size | $49,700,000 |
| US Market Share | $14,413,000 |
| Number of Registered Businesses (2024) | 47,982 |
| Yearly Change in Number of Businesses | 4.5% |
| Average Project Size | $30,580 |