B

Hope, RI

Source:

Affordability Score: 71/100

Population: 3,515 · 1 ZIP codes

The affordability dashboard for Hope, RI aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 3,515 residents, then layers in county-level federal data to produce an overall grade of B (71/100). The headline inputs are median household income of $137,181, median home value of $462,200, median rent of $1,705 per month, and 30.9% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,729 per month (studio $1,318, 1BR $1,402, 3BR $2,087, 4BR $2,480). Department of Labor data lists infant center-based childcare at $15,059 per year, consuming 11% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Hope, RI include income, rent. Unemployment currently reads 1.0% and poverty 5.4% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income A+
$137,181
Median household income
Education C-
30.9%
Bachelor's degree or higher
Housing C-
3.4x
Home value $462,200 vs income
Commute D
28 min
Average commute time
Rent A
$1,729/mo
2BR fair market rent (15% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare B
$15,059/yr
Center-based infant care (11% of income)

Income & Employment

Median Income
$137,181
▲ 121% vs national
Per Capita Income
$67,199
Unemployment Rate
1.0%
Poverty Rate
5.4%

Housing

Median Home Value
$462,200
▲ 68% vs national
Median Rent
$1,705/mo
Owner Occupied
95.0%
2BR Fair Market Rent
$1,729/mo
▲ 44% vs national

Fair Market Rents by Bedroom

Studio
$1,318
1BR
$1,402
2BR
$1,729
3BR
$2,087
4BR
$2,480

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
30.9%
▲ 1 ppt vs national
High School+
63.8%
Median Age
41.1
Avg. Commute
28 min
▲ 2 min vs national

Childcare Costs

Infant (Center)
$15,059/yr
11% of income
Toddler (Center)
$14,518/yr
Preschool (Center)
$12,754/yr
School-Age (Center)
$3,222/yr

What This Means

Hope, RI receives an overall affordability grade of B (71/100), aggregated from 1 ZIP codes with a total population of 3,515. This area performs well in income and rent. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Hope ZIP Codes
View all 1 ZIP codes with demographics and individual scorecards
View ZIPs →

What are common questions about this dashboard?

Is Hope, RI affordable?
Hope, RI receives an overall affordability grade of B (71/100) based on Census, HUD, FBI, and DOL data. Median household income is $137,181. Median home value is $462,200.
What is the cost of living in Hope?
Key cost metrics: Median rent $1,705/mo. 2BR fair market rent $1,729/mo. Infant childcare $15,059/yr. Median home value $462,200.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →