Living in Ashaway, Rhode Island
Cost of living, income, home prices, rent and demographics of Ashaway · Census data 2020–2024
Ashaway has 1,722 residents with a median age of 38.9. The median household income is $103,707 (18% higher than the Rhode Island median), the median home value is $343,600, the median rent is $1,604/month.
Ashaway at a glance
- Population
- 1,722
- Median age
- 38.9State: 40.6
- Median household income
- $103,707State: $87,796
- Median home value
- $343,600State: $404,200
- Median rent
- $1,604/moState: $1,342
- Homeowners
- 73.6%
- Bachelor's degree or higher
- 31.7%
- Average commute
- 25 min
Is Ashaway a good place to live?
Pros: Median household income 18% higher than the Rhode Island median; home values 15% lower than the state median; an average commute of 25 minutes; unemployment of 3%; a poverty rate of 1.4%.
The weather is best in June to September.
Cost of living in Ashaway
Housing is the biggest part of the cost of living. In Ashaway the median home value is $343,600, 3% higher than the U.S. median. Renters pay a median of $1,604 per month, which is 25.5% of household income. Homeowners with a mortgage pay $1,848 a month in housing costs.
Ashaway median household income
The median household income in Ashaway is $103,707 and the income per person is $44,561. 1.4% of residents live below the poverty line (Rhode Island: 11.2%).
Housing in Ashaway: homes for sale and rent
- Housing units
- 656
- Owner-occupied
- 73.6%
- Renter-occupied
- 26.4%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 2.63
Ashaway demographics
- Population
- 1,722
- Median age
- 38.9
- Under 18
- 24.3%
- 65 and older
- 11.7%
- Households
- 656
- Foreign-born
- 3%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Ashaway ›
Education in Ashaway
31.7% of adults 25 and older in Ashaway have a bachelor's degree or higher (Rhode Island: 37.7%), and 7.6% have a graduate or professional degree.
Jobs and commute in Ashaway
- Unemployment rate
- 3%State: 5.8%
- Average commute
- 25 minState: 26 min
- Work from home
- 2.5%
- Drive alone
- 96.4%
- Public transit
- 0%
- Walk to work
- 0.2%
- Homes with broadband
- 100%
Ashaway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ashaway | 1,722 | $103,707 | $343,600 | $1,604 |
| Bradford | 1,511 | $120,250 | $418,100 | — |
| Hopkinton | 8,420 | $97,172 | $404,300 | $1,040 |
| Pawcatuck | 5,577 | $80,114 | $360,600 | $1,155 |
| North Stonington | 5,160 | $123,938 | $397,100 | $1,298 |
| Weekapaug | 541 | $137,917 | $1,252,700 | — |
| Charlestown | 8,051 | $109,404 | $525,500 | $1,374 |
| Hope Valley | 2,297 | $101,932 | $447,500 | — |
| Quonochontaug | 610 | $86,071 | $1,043,900 | — |
More for people moving to Ashaway
Ashaway ZIP code ›Weather and climate ›Living in Ashaway: FAQ
What is the median household income in Ashaway, RI?
The median household income in Ashaway is $103,707, 18% higher than the Rhode Island median of $87,796 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ashaway?
The median home value in Ashaway is $343,600, compared with $404,200 in Rhode Island.
How much is rent in Ashaway?
The median gross rent in Ashaway is $1,604 per month, about 25.5% of household income.
Is Ashaway, RI a good place to live?
Pluses: median household income 18% higher than the Rhode Island median; home values 15% lower than the state median; an average commute of 25 minutes; unemployment of 3%; a poverty rate of 1.4%.
What is the median age in Ashaway?
The median age in Ashaway is 38.9 years (Rhode Island: 40.6).
How long is the commute in Ashaway?
The average commute to work in Ashaway is 25 minutes; 2.5% of workers work from home.
What is the unemployment rate in Ashaway?
The unemployment rate in Ashaway is 3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ashaway?
31.7% of adults in Ashaway have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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