What is the median household income in Hope Valley, RI?
The median household income in Hope Valley, RI is $101,932 (±$23,340) a year (2020–2024 American Community Survey).
In Hope Valley, the median household income went from $79,931 in 2015–2019 to $101,932 in 2020–2024 (+27.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $101,932 (±$23,340)
- Median renter income
- $33,846 (±$1,644)
Income in Hope Valley against Washington County, its state and the nation
| Hope Valley | Washington County | Rhode Island | United States | |
|---|---|---|---|---|
| Median household income | $101,932 (±$23,340) | $106,638 (±$2,789) | $87,796 (±$1,209) | $80,734 |
| Median renter household income | $33,846 (±$1,644) | $48,732 (±$8,280) | $50,251 (±$1,401) | $52,966 |
| Median owner household income | $102,491 (±$52,078) | $126,293 (±$5,020) | $115,286 (±$1,632) | $100,009 |
| Median gross rent | — | $1,327 (±$86) | $1,342 (±$19) | $1,413 |
In Hope Valley, median household income is not measurably different from Washington County ($106,638).
It is not measurably different from Rhode Island ($87,796).
It is not measurably different from the national figure ($80,734).
In Washington County, Hope Valley ranks 7 of 9 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 11 of 19.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $79,931 (±$34,394) | $101,932 (±$23,340) | +27.5% | No measurable change after inflation |
| Median home value | $254,600 (±$29,849) | $447,500 (±$24,055) | +75.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Hope Valley
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Hope Valley | — | $101,932 (±$23,340) | — |
| Richmond | 3.0 mi | $124,653 (±$26,720) | Not measurably different |
| Carolina | 5.1 mi | $140,196 (±$24,770) | Higher |
| Exeter | 6.1 mi | $111,250 (±$29,727) | Not measurably different |
| Ashaway | 6.8 mi | $103,707 (±$52,070) | Not measurably different |
| Voluntown | 7.3 mi | $101,964 (±$25,129) | Not measurably different |
| North Stonington | 8.4 mi | $123,938 (±$9,792) | Not measurably different |
| West Greenwich | 8.5 mi | $135,625 (±$17,406) | Higher |
| Bradford | 8.9 mi | $120,250 (±$25,566) | Not measurably different |
Nearby places with a measurably higher figure: Carolina, RI ($140,196), West Greenwich, RI ($135,625).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Washington County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Carolina | $140,196 (±$24,770) |
| 2 | Bradford | $120,250 (±$25,566) |
| 3 | Charlestown (community) | $108,563 (±$30,282) |
| 4 | Kingston | $107,404 (±$47,008) |
| 5 | Wakefield-Peace Dale | $106,551 (±$19,377) |
| 6 | Ashaway | $103,707 (±$52,070) |
| 7 | Hope Valley | $101,932 (±$23,340) |
| 8 | Westerly (community) | $95,207 (±$7,661) |
| 9 | Narragansett Pier | $82,192 (±$14,568) |
Hope Valley is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Hopkinton, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Hope Valley
What is the median household income in Hope Valley?
The median household income in Hope Valley is $101,932 (±$23,340) a year (2020–2024 American Community Survey).
Have incomes in Hope Valley kept up with inflation?
In Hope Valley, the median household income went from $79,931 in 2015–2019 to $101,932 in 2020–2024 (+27.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Hope Valley?
The median renting household in Hope Valley, RI earns $33,846 (±$1,644) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Hope Valley CDP, Rhode Island
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Hope Valley CDP, Rhode Island
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hope Valley CDP, Rhode Island
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Hope Valley CDP, Rhode Island
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hope Valley CDP, Rhode Island
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Hope Valley CDP, Rhode Island
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Hope Valley CDP, Rhode Island (place:34660, in state:44).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Hope Valley at a glance
- Home values in Hope Valley
- Homeowner costs in Hope Valley
- Property taxes in Hope Valley
- Types of homes in Hope Valley
- Bedrooms in Hope Valley
- Age of homes in Hope Valley
- Heating fuel in Hope Valley
- Commute and cars in Hope Valley
- Population growth in Hope Valley
- Rhode Island landlord and tenant rules
- Housing across Washington County
- Rhode Island places ranked by median household income
- Housing data for every place in Rhode Island