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Is 02840 a good location for a restaurant?

What public records measure around the center of ZIP 02840 in Newport County, Rhode Island for a restaurant: households and income, jobs within reach, resident spending and the restaurants already mapped there. Whether a particular address fits is a question about that address; check one free below.

ZIP check

ZIP 02840, Newport County, Rhode Island

Restaurant. Measured from the center of the ZIP, not an address. ZIP 02840 covers 7.3 square miles, so its edges are about 1.5 miles from the center. Jobs and competitors are counted within a mile of the center and resident spending within 3 miles; the household figures beside are for the whole ZIP. Checked Oct 17, 2026.

ZIP 02840
11,034 households
Median household income
$86,250
Residents
23,448
Restaurants with employees, 2023
69

What stands out

  1. Few jobs within a short walk

    52Jobs
    4,111Households

    52 jobs are within a 5-minute walk (0.25 mile) and 1,250 within 10 minutes (0.5 mile), from Census workplace records for 2023.

  2. More nearby competition than most

    32Sit-down and casual restaurants
    0.24 miNearest rival

    Overture's places data lists 32 sit-down and casual restaurants within half a mile (0 chain, 3 local multi-location and 29 independent) and 111 within a mile.

  3. What spending nearby can support

    $126KMiddle-case sales
    $1,050Rent the middle case supports

    Spending near the center of this ZIP supports an estimated $79,000 to $227,000 a year in sales for this business (middle case $126,000).

  4. Wellington Ave carries about 4,238 vehicles a day

    4,238Vehicles a day

    The nearest counted road is Wellington Ave, 4,238 vehicles a day (FHWA HPMS 2020), about 110 feet away.

Measured around the center of ZIP 02840

Computed from public records at this location

What the center of ZIP 02840 can sell each year

Middle case$126K

Sales a year, planning range

Low case$79K
High case$227K
Rivals within 2 mi124
Healthy share for this business
6% to 10%
Base rent the ZIP center supports
$400 to $1,900 a month

Resident, worker and student spending near the ZIP center, shared among competitors by distance (Huff model). A planning range with stated assumptions, not a forecast.

Competition

Competitors within half a mile32

77th percentile for nearby competition among 4,321 similar businesses in the Providence-Warwick metro area

2.1× the metro median of 15
Within a quarter mile1
Within 1 mile111

Nearest competitors

  • Competitor 1Independent1,290 ft
  • Competitor 3Independent1,500 ft
  • Competitor 4Independent1,520 ft
  • Competitor 6Independent1,580 ft
  • Competitor 8Independent1,600 ft

Overture Maps Foundation places, 2026-09-23.1. Listings, not verified hours or menus.

Jobs within walking distance

10-minute walk1,250

Jobs at workplaces within half a mile

5-minute walk52
Within 1 mile6,594
Office-type, half mile169

Largest employers within a 10-minute walk

  • Food service and lodging513
  • Other services194
  • Retail109
  • Health care84
  • Real estate63

Census LEHD workplace records, jobs as of 2023. Straight-line distances. Office attendance is still roughly half to 60% of 2020 levels. Jobs are workplaces, not visits.

Traffic on nearby roads

Vehicles a day on Wellington Ave4,238

Nearest counted road, 2020 count

State DOT and FHWA annual average daily traffic, both directions. Vehicles, not foot traffic.

What an address adds

  • The free check of an addressThe same measurements within a short walk of one address in 02840: who lives and works right there, the competition on that block and the traffic on its road. No account.
  • The full reportFor one address: whether the rules allow a restaurant there, the rent the location supports against the asking rent, what has opened and closed nearby, and the questions to settle before signing.

Have an address in 02840 in mind?

Check the address free

The restaurant check reads the same public records at the address itself.

Sources: Overture Maps Foundation: Places (Overture Places release 2026-09-23.1); DoorWorthy demand model: resident, worker and student spending shared among competitors (ACS 2020-2024; 2020 Census; BLS CE 2024; prices 2026-08); U.S. Census Bureau: ACS (ACS 2020-2024 five-year estimates); U.S. Census Bureau Gazetteer: ZIP Code Tabulation Area center (ZCTA internal point; land area 7.3 square miles); U.S. Census ACS households by income with BLS Consumer Expenditure Survey spending (ACS 2020-2024; 2020 Census; BLS CE 2024; prices 2026-08); FHWA Highway Performance Monitoring System (Annual average daily traffic, latest count 2020); U.S. Census Bureau: LEHD LODES workplace jobs (LODES8 workplace area characteristics, jobs as of 2023); U.S. Census Bureau ZIP Code Business Patterns 2023 (establishments with paid employees). Listings and counts are public records, not visits or sales in this ZIP.

Questions about ZIP 02840.

ZIP 02840 for another business