These Are The 10 Richest Cities In Rhode Island

We analyzed over 16 places in Rhode Island to determine where the 1% live.

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Cumberland Hill, Greenville, Valley Falls: 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 $75,996 and a ridiculously low poverty rate of 5.6%.

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.

After analyzing Census data from the 2010-2014 American Community Survey for the 16 places in Rhode Island with more than 5,000 people, we were left with this set of the ten richest places in the Ocean State:

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

For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in Rhode Island? That would be Central Falls.

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How We Determined The Richest Places In Rhode Island

The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.

However, we don’t think 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 2010-2014 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 16 places with more than 5,000 people in Rhode Island, we ranked each place from 1 to 16 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 Place In Rhode Island”.

You can learn more about the top ten below or skip to the end to see the rankings for all 16 places.

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1. Cumberland Hill

Population: 8,194
Median Income: 7599600.0%
Poverty Level: 5.6%
Unemployment Rate: 5.0%

2. Greenville

Population: 8,596
Median Income: 7293600.0%
Poverty Level: 3.3%
Unemployment Rate: 8.4%

3. Valley Falls

Population: 12,108
Median Income: 5987800.0%
Poverty Level: 6.8%
Unemployment Rate: 3.9%

4. Tiverton

Tiverton, Rhode Island


Population: 7,300
Median Income: 6923200.0%
Poverty Level: 5.8%
Unemployment Rate: 8.9%

5. Wakefield-Peacedale

Population: 8,911
Median Income: 6496900.0%
Poverty Level: 11.8%
Unemployment Rate: 6.2%

6. Newport

Newport, Rhode Island

Source: Wikipedia

Population: 24,599
Median Income: 6132000.0%
Poverty Level: 11.5%
Unemployment Rate: 6.1%

7. Warwick

Warwick, Rhode Island

Source: Wikipedia

Population: 82,065
Median Income: 6280300.0%
Poverty Level: 6.9%
Unemployment Rate: 9.0%

8. Newport East

Newport East, Rhode Island

Source: Google Maps

Population: 10,953
Median Income: 6401200.0%
Poverty Level: 7.9%
Unemployment Rate: 9.6%

9. Kingston

Kingston, Rhode Island

Source: Wikipedia

Population: 7,136
Median Income: 7181300.0%
Poverty Level: 30.5%
Unemployment Rate: 6.2%

10. Westerly

Westerly, Rhode Island

Source: Clydesdale Tavern Westerly Ri

Population: 17,984
Median Income: 5862000.0%
Poverty Level: 10.1%
Unemployment Rate: 8.4%

There You Have It – The Richest Places In Rhode Island

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 RI, according to data:

Poorest: Central Falls
2nd Poorest: Providence
3rd Poorest: Pawtucket
For more Rhode Island reading , check out:

Detailed List Of Richest Places In Rhode Island

City Rank Population Median Income Poverty Level Unemployment Rate
Cumberland Hill 1 8,194 $75,996 5.6% 5.0%
Greenville 2 8,596 $72,936 3.3% 8.4%
Valley Falls 3 12,108 $59,878 6.8% 3.9%
Tiverton 4 7,300 $69,232 5.8% 8.9%
Wakefield-Peacedale 5 8,911 $64,969 11.8% 6.2%
Newport 6 24,599 $61,320 11.5% 6.1%
Warwick 7 82,065 $62,803 6.9% 9.0%
Newport East 8 10,953 $64,012 7.9% 9.6%
Kingston 9 7,136 $71,813 30.5% 6.2%
Westerly 10 17,984 $58,620 10.1% 8.4%
East Providence 11 47,166 $51,077 10.3% 10.4%
Cranston 12 80,680 $58,684 10.5% 10.6%
Woonsocket 13 41,136 $35,216 22.6% 8.1%
Pawtucket 14 71,313 $40,578 18.8% 13.8%
Providence 15 178,562 $37,514 27.5% 13.7%
Central Falls 16 19,406 $28,842 28.3% 13.6%

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