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Home Rhode Island ZIP 02840

Food Truck Market: ZIP 02840

Opportunity Score
62 / 100 Good
Based on walkability, population density, income levels, and food truck competition.

Market Profile

ZIP 02840 has strong foot traffic at 14.5/20 on the EPA walkability index. Income near the national average ($86,250). Lunch and quick-service formats do well here. Premium pricing is harder to sustain than in high-income urban cores — keep your menu math tight.

Market Summary

ZIP 02840 is an urban area with moderate foot traffic. with a population of 23,448 and household incomes above the national median ($86,250). The area has 100 restaurants and just 3 food trucks — low competition with strong demand signals.

Area Profile

23,448
Population
$86,250
Median Income
+16% vs. national
Urban
Area Type
14.5/20
Foot Traffic
Very Car-Dependent
Median Age: 40.3 — older demographic, may prefer sit-down options.
College-Educated: 41.3% — strong appetite for artisan/specialty food.

Competition

Food service establishments in ZIP 02840.

3
Food Trucks
Low competition — room to establish
1.3 per 10K residents
69
Sit-Down Restaurants
29.4 per 10K residents
31
Fast Food / Counter
13.2 per 10K residents
What this means: Food trucks are 2.9% of the food scene here (3 trucks vs. 100 restaurants). Mobile food is underrepresented — customers have few options.

Operating Costs

Local cost levels affect commissary kitchen rates, permits, and event vendor pricing.

$1,695
Median Gross Rent
$750 K
Median Home Value
6
Bank Branches
$550 K deposits

What to Expect Here

Fixed Location Beats Roaming

High-foot-traffic areas reward consistency. If you can secure a recurring spot near offices or transit stops, build your weekly schedule around it. Regular customers drive more revenue than novelty seekers.

Low Competition, Proven Demand

Only 3 food trucks registered here against 100 restaurants. Dining demand is proven and truck competition is minimal. This is a strong setup.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits