Richest Neighborhoods In Providence, RI For 2020


We used science and data to determine which neighborhoods in Providence are home to the 1%.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Providence.
Richest Neighborhoods In Providence

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Providence has to offer. Where houses go for over 2.79x the national median and household incomes are 1.96x the national median.

But where exactly in Providence do the richest of the rich people live? That would be Blackstone where the median income is a cool $107,880.

Here’s a look at the top 10 richest neighborhoods in Providence out of 24 for 2020.

What’s the richest neighborhood to live in Providence for 2020? According to the most recent census data, Blackstone looks to be the richest Providence neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $649,671. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Providence. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Providence reading, check out the best neighborhoods in Providence and the worst neighborhoods in Providence. Or, for living around Providence, out the best Providence suburbs and the worst Providence suburbs.

For more Rhode Island reading, check out:

How We Determined The Wealthiest Neighborhoods In Providence For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Providence by median income from highest to lowest. The neighborhood with the highest median income, Blackstone, was named the richest neighborhood in Providence.

The poorest neighborhood? That would be Olneyville.

Now a look at how all the neighborhoods in Providence ranked.

For more Rhode Island reading, check out:

Detailed List Of The Richest Neighborhoods In Providence For 2020

Rank Neighborhood Median Household Income<
1 Blackstone $107,880
2 Hope $78,360
3 Mount Pleasant $67,089
4 Wayland $63,196
5 Elmhurst $61,335
6 College Hill $61,154
7 Reservoir $57,307
8 Fox Point $53,011
9 Mount Hope $52,539
10 Manton $47,800
11 South Elmwood $47,276
12 Valley $42,739
13 Downtown $41,620
14 Charles $38,446
15 Washington Park $37,408
16 Wanskuck $36,383
17 Federal Hill $35,116
18 Silverlake $34,790
19 Hartford $34,186
20 West End $33,856
21 Smith Hill $32,772
22 Elmwood $31,619
23 Lower South Providence $29,100
24 Olneyville $23,139

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.

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