Living in Wakefield-Peace Dale, Rhode Island
Cost of living, income, home prices, rent and demographics of Wakefield-Peace Dale · Census data 2020–2024
Wakefield-Peace Dale has 9,302 residents with a median age of 42.8. The median household income is $106,551 (21% higher than the Rhode Island median), the median home value is $494,400, the median rent is $1,258/month.
Wakefield-Peace Dale at a glance
- Population
- 9,302
- Median age
- 42.8State: 40.6
- Median household income
- $106,551State: $87,796
- Median home value
- $494,400State: $404,200
- Median rent
- $1,258/moState: $1,342
- Homeowners
- 66.3%
- Bachelor's degree or higher
- 59.6%
- Average commute
- 24 min
Is Wakefield-Peace Dale a good place to live?
Pros: Median household income 21% higher than the Rhode Island median; an average commute of 24 minutes; unemployment of 5.3%; a poverty rate of 9.5%.
Cons: Home values 22% higher than the state median.
The weather is best in June to September.
Cost of living in Wakefield-Peace Dale
Housing is the biggest part of the cost of living. In Wakefield-Peace Dale the median home value is $494,400, 49% higher than the U.S. median. Renters pay a median of $1,258 per month, which is 28.5% of household income. Homeowners with a mortgage pay $2,223 a month in housing costs.
Wakefield-Peace Dale median household income
The median household income in Wakefield-Peace Dale is $106,551 and the income per person is $56,249. 9.5% of residents live below the poverty line (Rhode Island: 11.2%).
Housing in Wakefield-Peace Dale: homes for sale and rent
- Housing units
- 4,512
- Owner-occupied
- 66.3%
- Renter-occupied
- 33.7%
- Vacant
- 7.4%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.20
Wakefield-Peace Dale demographics
- Population
- 9,302
- Median age
- 42.8
- Under 18
- 16%
- 65 and older
- 23.6%
- Households
- 4,179
- Foreign-born
- 4.5%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Wakefield-Peace Dale ›
Education in Wakefield-Peace Dale
59.6% of adults 25 and older in Wakefield-Peace Dale have a bachelor's degree or higher (Rhode Island: 37.7%), and 26.9% have a graduate or professional degree.
Jobs and commute in Wakefield-Peace Dale
- Unemployment rate
- 5.3%State: 5.8%
- Average commute
- 24 minState: 26 min
- Work from home
- 14.1%
- Drive alone
- 76.8%
- Public transit
- 1.3%
- Walk to work
- 0.5%
- Homes with broadband
- 93.4%
Wakefield-Peace Dale vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wakefield-Peace Dale | 9,302 | $106,551 | $494,400 | $1,258 |
| Kingston | 7,332 | $107,404 | $553,400 | — |
| Narragansett Pier | 3,167 | $82,192 | $851,300 | $1,649 |
| Narragansett | 14,494 | $95,721 | $743,500 | $1,712 |
| South Kingstown | 32,073 | $108,960 | $560,200 | $1,368 |
| Carolina | 1,048 | $140,196 | $396,400 | — |
| Jamestown | 5,534 | $140,625 | $842,400 | $1,629 |
| North Kingstown | 27,859 | $126,293 | $543,700 | $1,268 |
| Newport | 24,874 | $86,313 | $746,900 | $1,698 |
More for people moving to Wakefield-Peace Dale
Wakefield-Peace Dale ZIP code ›Weather and climate ›Living in Wakefield-Peace Dale: FAQ
What is the median household income in Wakefield-Peace Dale, RI?
The median household income in Wakefield-Peace Dale is $106,551, 21% 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 Wakefield-Peace Dale?
The median home value in Wakefield-Peace Dale is $494,400, compared with $404,200 in Rhode Island.
How much is rent in Wakefield-Peace Dale?
The median gross rent in Wakefield-Peace Dale is $1,258 per month, about 28.5% of household income.
Is Wakefield-Peace Dale, RI a good place to live?
Pluses: median household income 21% higher than the Rhode Island median; an average commute of 24 minutes; unemployment of 5.3%; a poverty rate of 9.5%. Minuses: home values 22% higher than the state median.
What is the median age in Wakefield-Peace Dale?
The median age in Wakefield-Peace Dale is 42.8 years (Rhode Island: 40.6).
How long is the commute in Wakefield-Peace Dale?
The average commute to work in Wakefield-Peace Dale is 24 minutes; 14.1% of workers work from home.
What is the unemployment rate in Wakefield-Peace Dale?
The unemployment rate in Wakefield-Peace Dale is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wakefield-Peace Dale?
59.6% of adults in Wakefield-Peace Dale 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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