Living in Hopkinton, Rhode Island
Cost of living, income, home prices, rent and demographics of Hopkinton · Census data 2020–2024
Hopkinton has 8,420 residents with a median age of 46.1. The median household income is $97,172 (11% higher than the Rhode Island median), the median home value is $404,300, the median rent is $1,040/month.
Hopkinton at a glance
- Population
- 8,420
- Median age
- 46.1State: 40.6
- Median household income
- $97,172State: $87,796
- Median home value
- $404,300State: $404,200
- Median rent
- $1,040/moState: $1,342
- Homeowners
- 79.6%
- Bachelor's degree or higher
- 34.9%
- Average commute
- 26 min
Is Hopkinton a good place to live?
Pros: Median household income 11% higher than the Rhode Island median; unemployment of 5.1%; a poverty rate of 7%.
Cons: Home values about the same as the state median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Hopkinton
Housing is the biggest part of the cost of living. In Hopkinton the median home value is $404,300, 22% higher than the U.S. median. Renters pay a median of $1,040 per month, which is 30.5% of household income. Homeowners with a mortgage pay $2,226 a month in housing costs.
Hopkinton median household income
The median household income in Hopkinton is $97,172 and the income per person is $46,686. 7% of residents live below the poverty line (Rhode Island: 11.2%).
Housing in Hopkinton: homes for sale and rent
- Housing units
- 3,715
- Owner-occupied
- 79.6%
- Renter-occupied
- 20.4%
- Vacant
- 8%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.46
Hopkinton demographics
- Population
- 8,420
- Median age
- 46.1
- Under 18
- 16.9%
- 65 and older
- 19.7%
- Households
- 3,416
- Foreign-born
- 1.8%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Hopkinton ›
Education in Hopkinton
34.9% of adults 25 and older in Hopkinton have a bachelor's degree or higher (Rhode Island: 37.7%), and 10.6% have a graduate or professional degree.
Jobs and commute in Hopkinton
- Unemployment rate
- 5.1%State: 5.8%
- Average commute
- 26 minState: 26 min
- Work from home
- 14.4%
- Drive alone
- 81.6%
- Public transit
- 0.3%
- Walk to work
- 0.9%
- Homes with broadband
- 95.1%
Hopkinton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hopkinton | 8,420 | $97,172 | $404,300 | $1,040 |
| Hope Valley | 2,297 | $101,932 | $447,500 | — |
| Ashaway | 1,722 | $103,707 | $343,600 | $1,604 |
| Richmond | 8,142 | $124,653 | $435,800 | $1,580 |
| Carolina | 1,048 | $140,196 | $396,400 | — |
| North Stonington | 5,160 | $123,938 | $397,100 | $1,298 |
| Bradford | 1,511 | $120,250 | $418,100 | — |
| Voluntown | 2,604 | $101,964 | $356,100 | $1,166 |
| Charlestown | 8,051 | $109,404 | $525,500 | $1,374 |
More for people moving to Hopkinton
Hopkinton ZIP code ›Weather and climate ›Living in Hopkinton: FAQ
What is the median household income in Hopkinton, RI?
The median household income in Hopkinton is $97,172, 11% 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 Hopkinton?
The median home value in Hopkinton is $404,300, compared with $404,200 in Rhode Island.
How much is rent in Hopkinton?
The median gross rent in Hopkinton is $1,040 per month, about 30.5% of household income.
Is Hopkinton, RI a good place to live?
Pluses: median household income 11% higher than the Rhode Island median; unemployment of 5.1%; a poverty rate of 7%. Minuses: home values about the same as the state median; an average commute of 26 minutes.
What is the median age in Hopkinton?
The median age in Hopkinton is 46.1 years (Rhode Island: 40.6).
How long is the commute in Hopkinton?
The average commute to work in Hopkinton is 26 minutes; 14.4% of workers work from home.
What is the unemployment rate in Hopkinton?
The unemployment rate in Hopkinton is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hopkinton?
34.9% of adults in Hopkinton 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.
Last updated: