Pharmacies and Drug Stores in Rhode Island

Pharmacies and Drug Stores (NAICS 446110) in Rhode Island reports 3,352 workers across 149 establishments, with $148.8M of aggregate annual payroll flowing through Census CBP 2023 filings. That represents 0.5% of national employment for this industry, a concentration ratio that tells you whether Rhode Island is a primary labor market for this NAICS code or a smaller satellite. A share above 5% signals a meaningful regional cluster; below 1% usually means the state is not a structural fit for this industry at scale. Rhode Island accounts for 0.4% of the national Pharmacies and Drug Stores establishment count (149 of 41,792), according to Census County Business Patterns.

Wage benchmarking is where state-level data earns its keep. The average annual compensation for Pharmacies and Drug Stores employees in Rhode Island is $44,387/yr, versus a national average of $44,477/yr. Rhode Island pays below the national average for this industry, common in lower cost-of-living states or where the industry has a smaller, less specialized local workforce.

Profitability data is only available at the national level because the IRS Statistics of Income program does not publish state-level margin breakdowns. The national net profit margin for Pharmacies and Drug Stores is not reported, and while margins do vary by state, the direction of variance usually follows labor cost and establishment size, both shown above. For a complete picture, pair this state-industry view with the Pharmacies and Drug Stores national page (entity structure, SBA lending, sub-industries) and the Rhode Island overview (top employers, payroll dispersion across industries).