Is Hope Valley, RI a Good Place to Live?
Hope Valley is a small town of 2,209 in Rhode Island, with a median household income of $93,888 and a 8.4% unemployment rate. Its cost of living index is 101 (US average = 100), which is 1% above the national average.
Strengths: Hope Valley stands out for solid school ratings (B).
Trade-offs: Potential downsides include high home prices, longer commutes, an elevated unemployment rate. Whether Hope Valley is right for you depends on your priorities — the full breakdown is below.
All Hope Valley city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 100.9Hope Valley's overall cost of living index is 100.9, where 100 represents the US national average. Living in Hope Valley costs roughly 1% more than the average American city.
| Metric | Hope Valley, RI | National Avg |
|---|---|---|
| Median Home Value | $429,200 | $244,900 |
| Median Monthly Rent | $1,214 | $1,163 |
| Homeownership Rate | 75.6% | 65.9% |
| Median Household Income | $93,888 | $74,755 |
Crime & Safety
Very SafeHope Valley's violent crime rate is 24.7 per 100,000 residents — 94% lower than the national average of ~380 per 100,000.
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Hope Valley is served primarily by Chariho. The student-to-teacher ratio is 11.9:1 (better than the national average of ~16:1).
| Metric | Hope Valley, RI | National Avg |
|---|---|---|
| School District | Chariho | — |
| Elementary Schools | 4 | — |
| Middle Schools | 1 | — |
| High Schools | 2 | — |
| Student/Teacher Ratio | 11.9:1 | 16:1 |
| Bachelor's Degree or Higher | 25.5% | 35.4% |
| High School Diploma or Higher | 85.2% | 91.1% |
Weather & Climate
Hope Valley sees average highs of 40.2°F in January and 83.3°F in July, with 50.9 inches of annual precipitation and 34.5 inches of snow per year.
| Metric | Hope Valley, RI |
|---|---|
| Average High — January | 40.2°F |
| Average High — July | 83.3°F |
| Annual Precipitation | 50.9" |
| Annual Snowfall | 34.5" |
Demographics
| Metric | Hope Valley, RI | National Avg |
|---|---|---|
| Population | 2,209 | — |
| Median Age | 39.5 | 38.9 |
| Unemployment Rate | 8.4% | 3.7% |
| Avg Commute Time | 33.9 min | 26 min |
| White (non-Hispanic) | 95.4% | 59.3% |
| Black or African American | 0.0% | 13.6% |
| Hispanic or Latino | 0.0% | 18.9% |
| Asian | 0.0% | 6.3% |
| Under 18 | 22.3% | 22.2% |
| 65 and over | 16.0% | 16.8% |
Nearby Cities
ZIP Codes in Hope Valley
Hope Valley, RI is covered by 1 ZIP code: