The 10 Richest Cities In Rhode Island For 2022


We analyzed 17 places in Rhode Island to determine where the 1% live.

HomeSnacks is reader-supported. When you click through real estate links on our site, we earn an affiliate commission. Learn more.

Cumberland Hill, Greenville, Pascoag: 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.

Cumberland Hill in particular houses the richest residents in the state thanks, in part, to a median household income of $94,773 and a ridiculously low poverty rate of 6.435701702877276%.

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 2016-2020 American Community Survey for the 17 places in Rhode Island with more than 3,000 people.

Here are the 10 richest places in Rhode Island for 2022:

  1. Cumberland Hill
  2. Greenville
  3. Pascoag
  4. Valley Falls
  5. Tiverton
  6. Kingston
  7. Cranston
  8. Newport East
  9. Westerly
  10. Warwick

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 2022

1. Cumberland Hill

Cumberland Hill, RI

Overall SnackAbility

6
/10

Population: 8,515
Rank Last Year: 1 (No Change)
Median Income: $94,773
Unemployment Rate: 0.5%
Poverty Rate: 6.4%
More on Cumberland Hill: Real Estate | Photos

2. Greenville

Greenville, RI

Overall SnackAbility

6
/10

Population: 9,114
Rank Last Year: 2 (No Change)
Median Income: $90,048
Unemployment Rate: 2.8%
Poverty Rate: 2.2%
More on Greenville: Real Estate | Photos

3. Pascoag

Pascoag, RI

Overall SnackAbility

5
/10

Population: 4,911
Rank Last Year: 9 (Up 6)
Median Income: $86,741
Unemployment Rate: 4.1%
Poverty Rate: 7.0%
More on Pascoag: Real Estate | Photos

4. Valley Falls

Valley Falls, RI

Source: Public domain
Overall SnackAbility

6
/10

Population: 11,548
Rank Last Year: 4 (No Change)
Median Income: $88,927
Unemployment Rate: 2.2%
Poverty Rate: 7.6%
More on Valley Falls: Real Estate | Photos

5. Tiverton

Tiverton, RI

Source: Public domain
Overall SnackAbility

6
/10

Population: 7,996
Rank Last Year: 6 (Up 1)
Median Income: $75,887
Unemployment Rate: 4.8%
Poverty Rate: 6.6%
More on Tiverton: Real Estate | Photos

6. Kingston

Kingston, RI

Overall SnackAbility

7.5
/10

Population: 6,407
Rank Last Year: 10 (Up 4)
Median Income: $112,344
Unemployment Rate: 13.9%
Poverty Rate: 3.2%
More on Kingston: Real Estate | Photos

7. Cranston

Cranston, RI

Overall SnackAbility

8.5
/10

Population: 81,252
Rank Last Year: 5 (Down 2)
Median Income: $74,425
Unemployment Rate: 3.7%
Poverty Rate: 7.4%
More on Cranston: Real Estate | Photos

8. Newport East

Newport East, RI

Overall SnackAbility

7.5
/10

Population: 11,289
Rank Last Year: 7 (Down 1)
Median Income: $75,036
Unemployment Rate: 4.8%
Poverty Rate: 7.4%
More on Newport East: Real Estate | Photos

9. Westerly

Westerly, RI

Overall SnackAbility

6
/10

Population: 17,842
Rank Last Year: 13 (Up 4)
Median Income: $75,200
Unemployment Rate: 5.5%
Poverty Rate: 7.2%
More on Westerly: Real Estate | Photos

10. Warwick

Warwick, RI

Source: Public domain
Overall SnackAbility

9
/10

Population: 81,043
Rank Last Year: 3 (Down 7)
Median Income: $73,285
Unemployment Rate: 4.6%
Poverty Rate: 7.2%
More on Warwick: Real Estate | Photos

Methodology: How We Determined The Richest Places In Rhode Island For 2022

Map Of The Richest Places To Live In Rhode Island
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify 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 2016-2020 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 17 places with more than 3,000 people in Rhode Island, we ranked each place from 1 to 17 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, Cumberland Hill, crowned the “Richest City In Rhode Island For 2022”. You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 17 places.

Summary: The Wealthiest Places In Rhode Island For 2022

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.

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: Providence

For more Rhode Island reading, check out:

Detailed List Of The Richest Cities In Rhode Island

Rank City RichScore Median Income
1 Cumberland Hill 2.0 $94,773
2 Greenville 2.33 $90,048
3 Pascoag 5.0 $86,741
4 Valley Falls 5.33 $88,927
5 Tiverton 6.33 $75,887
6 Kingston 6.67 $112,344
7 Cranston 7.67 $74,425
8 Newport East 8.0 $75,036
9 Westerly 8.0 $75,200
10 Warwick 8.0 $73,285
11 Narragansett Pier 10.33 $79,056
12 East Providence 11.0 $63,158
13 Pawtucket 13.0 $52,902
14 Newport 13.67 $68,201
15 Providence 14.33 $49,065
16 Woonsocket 15.33 $44,310
17 Central Falls 16.0 $34,689

How Is The Area In ?

Editor’s Note: Data has been updated for 2022. This is our ninth time ranking the richest cities in Rhode Island.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.