Hope Valley, RI

Census Place

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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
2024 Median Property Value
$447,500
5.52% 1-year growth
2024 Employed Population
1,138
4.69% 1-year growth

About

None of the households in Hope Valley, RI reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

100% of the residents in Hope Valley, RI are U.S. citizens.

In 2024, the median property value in Hope Valley, RI was $447,500, and the homeownership rate was 91.8%.

Most people in Hope Valley, RI drove alone to work, and the average commute time was 28.6 minutes. The average car ownership in Hope Valley, RI was 2 cars per household.

United StatesRhode IslandWashington County, RIProvidence-Warwick, RI-MASouth Rhode Island--Washington County PUMA, RI

Population & Diversity

Hope Valley, RI is home to a population of 2.3k people, from which 100% are citizens. As of 2024, 0% of Hope Valley, RI residents were born outside of the country (0 people).

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.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Hope Valley, RI
  1. White (Non-Hispanic)
    2.15k ± 550
  2. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    99 ± 103
  3. Other (Hispanic)
    24 ± 71
1.92%
Hispanic Population
44 people

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.

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.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Rhode Island.
Most Common Origin
  1. Dominican Republic
    36,183 ± 4,592 people
  2. Guatemala
    17,080 ± 3,184 people
  3. Portugal
    12,213 ± 2,698 people

In 2023, the most common birthplace for the foreign-born residents of Rhode Island was Dominican Republic, the natal country of 36,183 Rhode Island residents, followed by Guatemala with 17,080 and Portugal with 12,213.

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Military

Veterans

Most Common Service Period
  1. Vietnam
    108 ± 156
  2. Gulf War (2001-)
    11 ± 28
  3. 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.

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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.

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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.

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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.

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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).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Rhode Island.
Y-Axis
1.31%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 488k people employed in Rhode Island. This represents a 1.31% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 20.6%.

The following chart shows monthly employment numbers for each industry sector in Rhode Island.

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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.

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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.

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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.

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Wage Distribution

The closest comparable wage GINI for Hope Valley, RI is from Rhode Island.
0.446
2023 Wage GINI in Rhode Island
0.447
2022 Wage GINI in Rhode Island

In 2023, the income inequality in Rhode Island was 0.446 according to the GINI calculation of the wage distribution. Income inequality had a 0.292% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for Rhode Island was lower than than the national average of 0.476. 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.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (82.6%)
  2. Worked At Home (15.8%)
  3. 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.

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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.

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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.

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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.

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Health

98.6% of the population of Hope Valley, RI has health coverage, with 49.5% on employee plans, 12.3% on Medicaid, 7.82% on Medicare, 27.9% on non-group plans, and 0.966% on military or VA plans.

Primary care physicians in Rhode Island see 1,034 patients per year on average, which represents a 0% change from the previous year (1,034 patients). Compare this to dentists who see 1574 patients per year, and mental health providers who see 196 patients per year.

By gender, of the total number of insured persons, 57.6% were men and 42.4% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 21.3% under 18 years, 10.3% between 18 and 34 years, 52.4% between 35 and 64 years, and 15.9% over 64 years.

By gender, of the total number of insured persons, 57.6% were men and 42.4% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

1.45%
Uninsured
49.5%
Employer Coverage
12.3%
Medicaid
7.82%
Medicare
27.9%
Non-Group
0.966%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Hope Valley, RI declined by 43% from 2.54% to 1.45%.

The following chart shows how the percent of uninsured individuals in Hope Valley, RI changed over time compared with the percent of individuals enrolled in various types of health insurance.

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