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, around 887,729 individuals are over 18 years old, representing a significant market for various services and industries.
Rhode Island Business Landscape
Rhode Island boasts a thriving business landscape, with a strong economy and a favorable environment for entrepreneurship. In 2023, the state's GDP reached an impressive $77,948 million, showcasing its economic prowess. The GDP growth rate of 8.9% further highlights the state's potential for continued development and prosperity. With a corporate tax rate of 7%, Rhode Island offers an attractive business climate for companies of all sizes.
As of 2024, there are 47,982 registered businesses in Rhode Island, indicating a vibrant and diverse business community. The yearly change in the number of businesses stands at 4.5%, reflecting a dynamic and evolving market. These statistics demonstrate the opportunities available for businesses seeking to establish themselves or expand their operations in Rhode Island.
Ruby-on-Rails Development Services Globally and in Rhode Island
Ruby-on-Rails Development services have a global market size of $1,664,694, with a growth rate of 2.6%. The United States holds a significant share of approximately 65% in this market, amounting to $1,082,051. This indicates the strong demand for Ruby-on-Rails Development services in the US, including Rhode Island.
Rhode Island, being a part of the US market, benefits from the robust demand for Ruby-on-Rails Development services. The state provides a conducive environment for businesses in this sector to thrive and cater to the needs of local and national clients.
Ruby-on-Rails Development Services in the US
The United States is a major hub for Ruby-on-Rails Development services, with a significant market share and a high demand for these services. Businesses in the US can leverage the expertise and experience of Ruby-on-Rails Development agencies to enhance their digital presence, streamline operations, and deliver innovative solutions to their customers.
Top Rhode Island Cities: Economic Insights
Rhode Island's economic landscape is not limited to the state as a whole; its cities play a crucial role in driving economic growth. Two notable cities in Rhode Island are Newport and Bristol.
Newport, with a population of 82,545 people in 2023, offers a promising market for businesses. The city has an income per capita of $40,293, indicating a strong purchasing power and potential customer base.
Bristol, with a population of 49,426 people in 2023, also presents significant economic opportunities. The city boasts an income per capita of $38,893, making it an attractive market for businesses looking to establish a presence in Rhode Island.
Ruby-on-Rails Development Price in Rhode Island
The pricing of Ruby-on-Rails Development agencies in Rhode Island varies based on project size and complexity. According to Qualified.One statistics, the average Ruby-on-Rails Development project size in Rhode Island is $55,783.
When it comes to budget allocation, the breakdown is as follows:
| Budget Range | Percentage of Projects |
|---|---|
| Below $10,000 | 35.1% |
| $10,000 - $50,000 | 37.1% |
| $50,000 - $200,000 | 19.3% |
| $200,000 - $1 million | 1.2% |
| $1 million - $10 million | 0.2% |
| Over $10 million | 0.2% |
These statistics provide insights into the budget distribution for Ruby-on-Rails Development projects in Rhode Island, allowing businesses to plan and allocate resources accordingly.