Hope Valley, Cumberland Hill, Newport: These cities aren’t just some of the best places to live in Rhode Island. They are also home to some of the richest people in the Ocean State.
Hope Valley in particular houses the richest residents in the state thanks, in part, to a median household income of $98,481 and a ridiculously low poverty rate of 6.054960409874243%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Rhode Island share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2019-2023 American Community Survey for the 18 places in Rhode Island with more than 2,000 people.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Richest Places In Rhode Island For 2025
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Rhode Island.
Rich people not your cup of tea? Feel free to check out some more reading about Rhode Island:
The 10 Richest Cities In Rhode Island For 2025
1. Hope Valley
/10
Population: 2,147
Median Income: $98,481
Median Home Values: $563,883
More on Hope Valley:
2. Cumberland Hill
/10
Population: 8,638
Median Income: $131,006
Median Home Values: $482,245
More on Cumberland Hill: Data | Cost Of Living
3. Newport
/10
Population: 25,029
Median Income: $83,562
Median Home Values: $897,972
More on Newport: Data | Crime | Cost Of Living
4. Greenville
/10
Population: 8,586
Median Income: $94,567
Median Home Values: $519,740
More on Greenville: Data | Cost Of Living
5. Newport East
/10
Population: 11,262
Median Income: $86,310
Median Home Values: $637,143
More on Newport East: Data | Cost Of Living
6. Tiverton
/10
Population: 8,151
Median Income: $91,493
Median Home Values: $535,314
More on Tiverton: Data | Crime | Cost Of Living
7. Pascoag
/10
Population: 4,081
Median Income: $101,359
Median Home Values: $445,947
More on Pascoag: Data
8. Narragansett Pier
/10
Population: 3,080
Median Income: $79,683
Median Home Values: $1,026,184
More on Narragansett Pier: Data
9. Valley Falls
/10
Population: 12,370
Median Income: $93,653
Median Home Values: $462,567
More on Valley Falls: Data | Cost Of Living
10. Kingston
/10
Population: 6,953
Median Income: $82,143
Median Home Values: $656,157
More on Kingston: Data | Cost Of Living
Methodology: How We Determined The Richest Places In Rhode Island For 2025
The first thing that comes to most people’s minds when they think about determining the richest places is simply identifying personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places.” So we looked at this set of criteria from the newly released 2019-2023 American Community Survey and applied Saturday Night Science:
- Median Home Values
- Median Household Income
Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”
After we collected the data for all 18 places with more than 2,000 people in Rhode Island, we ranked each place from 1 to 18 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score,” with the place having the lowest overall Rich Score, Hope Valley, crowned the “Richest City In Rhode Island For 2025.”
The data has been updated for 2025. This is our tenth time ranking the wealthiest cities in Rhode Island.
You can skip to the end to see the rankings for all 18 places.
Summary: The Wealthiest Places In Rhode Island For 2025
Like we said earlier, when we set out to identify the richest places in Rhode Island, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Rhode Island.
The richest cities in Rhode Island are Hope Valley, Cumberland Hill, Newport, Greenville, Newport East, Tiverton, Pascoag, Narragansett Pier, Valley Falls, and Kingston.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Rhode Island, according to data:
Poorest: Central Falls
2nd Poorest: Woonsocket
3rd Poorest: Pawtucket
For more Rhode Island reading, check out:
- Safest Places In Rhode Island
- Cheapest Places To Live In Rhode Island
- Most Dangerous Cities In Rhode Island
Detailed List Of The Richest Cities In Rhode Island
| Rank | City | RichScore | Median Income | Average Home Price |
|---|---|---|---|---|
| 1 | Hope Valley | 4.5 | $98,481 | $563,883 |
| 2 | Cumberland Hill | 5.0 | $131,006 | $482,245 |
| 3 | Newport | 6.0 | $83,562 | $897,972 |
| 4 | Greenville | 6.0 | $94,567 | $519,740 |
| 5 | Newport East | 6.5 | $86,310 | $637,143 |
| 6 | Tiverton | 6.5 | $91,493 | $535,314 |
| 7 | Pascoag | 6.5 | $101,359 | $445,947 |
| 8 | Narragansett Pier | 7.0 | $79,683 | $1,026,184 |
| 9 | Valley Falls | 7.5 | $93,653 | $462,567 |
| 10 | Kingston | 7.5 | $82,143 | $656,157 |
| 11 | Westerly | 8.0 | $82,333 | $598,361 |
| 12 | Cranston | 9.5 | $87,716 | $433,112 |
| 13 | Warwick | 11.5 | $87,536 | $406,281 |
| 14 | East Providence | 13.5 | $79,660 | $430,419 |
| 15 | Providence | 15.0 | $66,772 | $421,310 |
| 16 | Pawtucket | 15.5 | $67,436 | $391,844 |
| 17 | Woonsocket | 17.0 | $58,614 | $382,618 |
| 18 | Central Falls | 18.0 | $45,921 | $375,711 |