Hope Valley, RI

Census Place

2024 Population

2,297

US Senator

Jack Reed

Democratic Party

US Senator

Sheldon Whitehouse

Democratic Party

2024 Median Age

41.9

0.239% 1-year increase

2024 Poverty Rate

9.19%

51.7% 1-year increase

2024 Median Household Income

$101,932

3.5% 1-year growth

Population & Diversity

Hope Valley, RI is home to a population of 2.3k people, from which 100% are citizens.

In 2024, there were 21.8 times more White (Non-Hispanic) residents (2.15k people) in Hope Valley, RI than any other race or ethnicity. There were 99 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 24 Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Hope Valley, RI residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Hope Valley, RI was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Hope Valley, RI compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Hope Valley, RI

White (Non-Hispanic)
2.15k ± 550
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
99 ± 103
Other (Hispanic)
24 ± 71

1.92%

Hispanic Population

44 people

1.92% of the people in Hope Valley, RI are hispanic (44 people).

The following chart shows the 8 races represented in Hope Valley, RI as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Rhode Island.

Most Common Origin

Dominican Republic
35,692 ± 4,563 people
Guatemala
19,486 ± 3,397 people
Portugal
11,604 ± 2,631 people

In 2024, the most common birthplace for the foreign-born residents of Rhode Island was Dominican Republic, the natal country of 35,692 Rhode Island residents, followed by Guatemala with 19,486 and Portugal with 11,604.

Military

Veterans

Most Common Service Period

Vietnam
108 ± 156
Gulf War (2001-)
11 ± 28
Gulf War (1990s)
4 ± 18

Hope Valley, RI has a large population of military personnel who served in Vietnam, 9.82 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Hope Valley, RI.

Economy

The economy of Hope Valley, RI employs 1.14k people. In 2024, the largest industries in Hope Valley, RI were Health Care & Social Assistance (320 people), Manufacturing (266 people), and Construction (184 people), and the highest paying industries were Finance & Insurance ($104,362), Finance & Insurance, & Real Estate & Rental & Leasing ($104,362), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($69,917).

Employment

Occupations

1.14k

2024 Value

± 340

4.69%

1 Year growth

± 43.1%

From 2023 to 2024, employment in Hope Valley, RI grew at a rate of 4.69%, from 1.09k employees to 1.14k employees.

The most common job groups, by number of people living in Hope Valley, RI, are Management Occupations (237 people), Healthcare Support Occupations (164 people), and Architecture & Engineering Occupations (112 people). This chart illustrates the share breakdown of the primary jobs held by residents of Hope Valley, RI.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Rhode Island.

This chart shows weekly unemployment insurance claims in Rhode Island (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

1.14k

2024 Value

± 340

4.69%

1 Year growth

± 43.1%

From 2023 to 2024, employment in Hope Valley, RI grew at a rate of 4.69%, from 1.09k employees to 1.14k employees.

The most common employment sectors for those who live in Hope Valley, RI, are Health Care & Social Assistance (320 people), Manufacturing (266 people), and Construction (184 people). This chart shows the share breakdown of the primary industries for residents of Hope Valley, RI, though some of these residents may live in Hope Valley, RI and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$63,250

Median earning men ± $50,226

$42,560

Median earning women ± $31,568

The industries with the best median earnings for men in 2024 are Public Administration ($67,019), Construction ($62,833), and Manufacturing ($34,833).

The industries with the best median earnings for women in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($78,375), Manufacturing ($69,091), and Educational Services, & Health Care & Social Assistance ($24,514).

Housing & Living

The median property value in Hope Valley, RI was $447,500 in 2024, which is 1.35 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $424,100 to $447,500, a 5.52% increase. The homeownership rate in Hope Valley, RI is 91.8%, which is higher than the national average of 65.2%.

People in Hope Valley, RI have an average commute time of 28.6 minutes, and they drove alone to work. Car ownership in Hope Valley, RI is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$447,500

Median Property Value 2024

±$24,055

$717

Median Property Taxes

±$237

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Hope Valley, RI the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Hope Valley, RI compared to it's parent and neighbor geographies.

Rent vs Own

91.8%

Homeownership

2024

68%

Homeowners with Mortgage

2024

In 2024, 91.8% of the housing units in Hope Valley, RI were occupied by their owner. This percentage grew from the previous year's rate of 81.3%.

This chart shows the percentage of owner in Hope Valley, RI compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$101,932

Median Household Income

± $23,340

781

Number of Households

± 239

In 2024, the median household income of the 781 households in Hope Valley, RI grew to $101,932 from the previous year's value of $98,481.

The following chart displays the households in Hope Valley, RI distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Hope Valley, RI is from Rhode Island.

0.446

2024 Wage GINI in Rhode Island

0.446

2023 Wage GINI in Rhode Island

In 2024, the income inequality in Rhode Island was 0.446 according to the GINI calculation of the wage distribution. Income inequality had a 0.127% growth from 2023 to 2024, which means that wage distribution grew somewhat less even. The GINI for Rhode Island was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Rhode Island in comparison to the national average.

This chart shows the number of workers in Rhode Island across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (82.6%)
Worked At Home (15.8%)
Carpooled (1.62%)

In 2024, 82.6% of workers in Hope Valley, RI drove alone to work, followed by those who worked at home (15.8%) and those who carpooled to work (1.62%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

28.6 minutes

Average Travel Time

Using averages, employees in Hope Valley, RI have a longer commute time (28.6 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Hope Valley, RI have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Hope Valley, RI compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Hope Valley, RI distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Hope Valley, RI have 2 cars.

Poverty

Poverty & Diversity

9.19% of the population for whom poverty status is determined in Hope Valley, RI (211 out of 2.3k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 18 - 24, followed by Females 35 - 44 and then Males 55 - 64.

The most common racial or ethnic group living below the poverty line in Hope Valley, RI is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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