These Are The 10 Richest Cities In Rhode Island For 2018

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

Join HomeSnacks

Swipe left for slideshow. Article continues below.
Advertisement. Article Continues Below.

Cumberland Hill, Greenville, Warwick: 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 $80,625 and a ridiculously low poverty rate of 4.8%.

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 2012-2016 American Community Survey for the 18 places in Rhode Island with more than 3,000 people.

At the end of the day, here’s the set of the 10 richest places in Rhode Island for 2018:

  1. Cumberland Hill (Photos | Homes For Sale)
  2. Greenville (Photos | Homes For Sale)
  3. Warwick (Photos | Homes For Sale)
  4. Valley Falls (Photos | Homes For Sale)
  5. Tiverton (Photos | Homes For Sale)
  6. Newport East (Photos | Homes For Sale)
  7. Cranston (Photos | Homes For Sale)
  8. Narragansett Pier (Photos | Homes For Sale)
  9. Newport (Photos | Homes For Sale)
  10. Westerly (Photos | Homes For Sale)

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 the best places to live in Rhode Island or the poorest.

Advertisement. Article Continues Below.

How We Determined The Richest Places In Rhode Island For 2018

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 2012-2016 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 18 places with more than 3,000 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, Cumberland Hill, crowned the “Richest Place In Rhode Island For 2018”.

You can learn more about the top ten below or skip to the end to see the rankings for all 18 places.

Advertisement. Article Continues Below.

1. Cumberland Hill

Cumberland Hill, Rhode Island

Population: 8,014
Median Income: $80,625
Unemployment Rate: 0.3%
Poverty Rate: 4.8%
More on Cumberland Hill: Homes For Sale | Data

2. Greenville

Greenville, Rhode Island

Population: 8,425
Median Income: $77,375
Unemployment Rate: 9.1%
Poverty Rate: 3.4%
More on Greenville: Homes For Sale | Data

3. Warwick

Warwick, Rhode Island

Source: Public domain

Population: 81,881
Median Income: $66,602
Unemployment Rate: 7.0%
Poverty Rate: 6.9%
More on Warwick: Homes For Sale | Data

4. Valley Falls

Valley Falls, Rhode Island

Source: Public domain

Population: 12,116
Median Income: $64,428
Unemployment Rate: 4.1%
Poverty Rate: 10.7%
More on Valley Falls: Homes For Sale | Data

5. Tiverton

Tiverton, Rhode Island

Source: Public domain

Population: 7,486
Median Income: $68,477
Unemployment Rate: 8.5%
Poverty Rate: 7.0%
More on Tiverton: Homes For Sale | Data
Tiverton is a town in Newport County, Rhode Island, United States. The population was 15,780 at the 2010 census.

6. Newport East

Newport East, Rhode Island

Population: 11,042
Median Income: $59,680
Unemployment Rate: 6.4%
Poverty Rate: 10.0%
More on Newport East: Homes For Sale | Data

7. Cranston

Cranston, Rhode Island

Population: 80,882
Median Income: $61,646
Unemployment Rate: 7.8%
Poverty Rate: 10.3%
More on Cranston: Homes For Sale | Data
Cranston, once known as Pawtuxet, is a city in the U.S. state of Rhode Island. With a population of 80,529 at the 2010 census, it is the third largest city in the state. The center of population of Rhode Island is located in Cranston. Cranston is a part of the Providence metropolitan area.

8. Narragansett Pier

Population: 3,708
Median Income: $62,058
Unemployment Rate: 5.0%
Poverty Rate: 17.1%
More on Narragansett Pier: Homes For Sale | Data

9. Newport

Newport, Rhode Island

Population: 24,570
Median Income: $59,794
Unemployment Rate: 5.9%
Poverty Rate: 13.3%
More on Newport: Homes For Sale | Data
Newport is a seaside city on Aquidneck Island in Newport County, Rhode Island, United States. The City of Newport is located approximately 37 miles (60 km) southeast of Providence, 21 miles (34 km) south of Fall River, and 74 miles (119 km) south of Boston. It is known as a New England summer resort and is famous for its mansions. It is also the home of Salve Regina University and Naval Station Newport, which houses the United States Naval War College, the Naval Undersea Warfare Center, and a major United States Navy training center. It was a major 18th-century port city and also contains a high number of surviving buildings from the colonial era of the United States.

10. Westerly

Westerly, Rhode Island

Population: 17,632
Median Income: $57,275
Unemployment Rate: 5.7%
Poverty Rate: 12.3%
More on Westerly: Homes For Sale | Data
Westerly is a town on the southwestern shoreline of Washington County, Rhode Island, United States founded in 1669 by John Babcock. It is a beachfront community on the south shore of the state. The population was 22,787 at the 2010 census.

There You Have It – The Wealthiest Places In Rhode Island For 2018

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: Providence
3rd Poorest: Pawtucket

For more Rhode Island reading , check out:

  • 10 Most Diverse Cities In Rhode Island
  • 10 Cheapest Places To Live In Rhode Island
  • 10 Safest Places In Rhode Island
  • Detailed List Of The Richest Cities In Rhode Island

    Rank City Median Income
    1 Cumberland Hill $80,625
    2 Greenville $77,375
    3 Warwick $66,602
    4 Valley Falls $64,428
    5 Tiverton $68,477
    6 Newport East $59,680
    7 Cranston $61,646
    8 Narragansett Pier $62,058
    9 Newport $59,794
    10 Westerly $57,275
    11 Wakefield-Peacedale $66,711
    12 East Providence $52,550
    13 Kingston $76,250
    14 Pascoag $53,191
    15 Woonsocket $37,235
    16 Pawtucket $44,120
    17 Providence $37,366
    18 Central Falls $28,901

    Like HomeSnacks on Facebook:

    Leave a Reply

    Your email address will not be published. Required fields are marked *