Hope Valley, Rhode Island Median Income

Hope Valley, Rhode Island has a population of 1,880, with a median household income of $72,100.

Current median income data for Hope Valley.

$72,100

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Population

1,880

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Median Income

$72,100

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Unemployment

3.20%

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Housing Price

$284,200

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Crime Rate

4.80

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Internet Speed

319.40 Mbps

Hope Valley is a small local community located in Rhode Island. The city has a population that is below the average city population in Rhode Island, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Rhode Island, Hope Valley provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Hope Valley has a population of 1,880, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Hope Valley is $72,100, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Hope Valley is about $284,200, making it relatively affordable compared to many cities in Rhode Island.

Employment and Safety

The unemployment rate in Hope Valley is 3.20%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Hope Valley are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Rhode Island, Hope Valley shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Hope Valley continues to play a role in shaping regional trends in Rhode Island, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Hope Valley

What is the population of Hope Valley?

The population of Hope Valley is approximately 1,880.

Is Hope Valley a good place to live?

Hope Valley offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Hope Valley?

The median household income in Hope Valley is around $72,100.

How expensive is housing in Hope Valley?

The average housing price in Hope Valley is approximately $284,200.