Living in Hope Valley, Rhode Island
Cost of living, income, home prices, rent and demographics of Hope Valley · Census data 2020–2024
Hope Valley has 2,297 residents with a median age of 41.9. The median household income is $101,932 (16% higher than the Rhode Island median), the median home value is $447,500.
Hope Valley at a glance
- Population
- 2,297
- Median age
- 41.9State: 40.6
- Median household income
- $101,932State: $87,796
- Median home value
- $447,500State: $404,200
- Homeowners
- 91.8%
- Bachelor's degree or higher
- 26.3%
- Average commute
- 29 min
Is Hope Valley a good place to live?
Pros: Median household income 16% higher than the Rhode Island median; unemployment of 5.4%; a poverty rate of 9.2%.
Cons: Home values 11% higher than the state median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Hope Valley
Housing is the biggest part of the cost of living. In Hope Valley the median home value is $447,500, 35% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,638 a month in housing costs.
Hope Valley median household income
The median household income in Hope Valley is $101,932 and the income per person is $45,882. 9.2% of residents live below the poverty line (Rhode Island: 11.2%).
Housing in Hope Valley: homes for sale and rent
- Housing units
- 781
- Owner-occupied
- 91.8%
- Renter-occupied
- 8.2%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.92
Hope Valley demographics
- Population
- 2,297
- Median age
- 41.9
- Under 18
- 19.1%
- 65 and older
- 15.8%
- Households
- 781
- Foreign-born
- 0%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hope Valley ›
Education in Hope Valley
26.3% of adults 25 and older in Hope Valley have a bachelor's degree or higher (Rhode Island: 37.7%), and 2% have a graduate or professional degree.
Jobs and commute in Hope Valley
- Unemployment rate
- 5.4%State: 5.8%
- Average commute
- 29 minState: 26 min
- Work from home
- 15.8%
- Drive alone
- 82.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Hope Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hope Valley | 2,297 | $101,932 | $447,500 | — |
| Richmond | 8,142 | $124,653 | $435,800 | $1,580 |
| Hopkinton | 8,420 | $97,172 | $404,300 | $1,040 |
| Carolina | 1,048 | $140,196 | $396,400 | — |
| Exeter | 7,195 | $111,250 | $509,200 | $1,317 |
| Ashaway | 1,722 | $103,707 | $343,600 | $1,604 |
| Voluntown | 2,604 | $101,964 | $356,100 | $1,166 |
| North Stonington | 5,160 | $123,938 | $397,100 | $1,298 |
| West Greenwich | 6,647 | $135,625 | $535,400 | $2,414 |
More for people moving to Hope Valley
Hope Valley ZIP code ›Weather and climate ›Living in Hope Valley: FAQ
What is the median household income in Hope Valley, RI?
The median household income in Hope Valley is $101,932, 16% 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 Hope Valley?
The median home value in Hope Valley is $447,500, compared with $404,200 in Rhode Island.
Is Hope Valley, RI a good place to live?
Pluses: median household income 16% higher than the Rhode Island median; unemployment of 5.4%; a poverty rate of 9.2%. Minuses: home values 11% higher than the state median; an average commute of 29 minutes.
What is the median age in Hope Valley?
The median age in Hope Valley is 41.9 years (Rhode Island: 40.6).
How long is the commute in Hope Valley?
The average commute to work in Hope Valley is 29 minutes; 15.8% of workers work from home.
What is the unemployment rate in Hope Valley?
The unemployment rate in Hope Valley is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hope Valley?
26.3% of adults in Hope Valley 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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