Olneyville has a high rate of poverty compared to other U.S. neighborhoods. Around 26% of residents live below the poverty line, which is around two times greater than the average for Providence County and about two times more than the national average. However, the local poverty rate has fallen 23 percentage points in the last decade, which is among the fastest declines in the nation.

We can also observe how some of the indicators linked to future prosperity are currently performing.

Homeownership is low in Olneyville. Only 30% of homes are owner-occupied.

Housing growth during the last decade was negative in Olneyville. The number of local homes fell by 2%.

Long-term vacancy is moderate in Olneyville. Around 8% of homes sit empty and off the market.

Self-employment rates are high in Olneyville. Approximately 14% of workers work for themselves.