Ashaway, RI
Population 1,682 · Rhode Island
About Ashaway, RI
Ashaway is a small town located in Rhode Island with a population of 1,682 residents according to the latest US Census Bureau American Community Survey data. The median household income is $101,165 per year, which is 35% above the national median of $75,149. The median age of 38.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Ashaway features a median home value of $305,600, which is 25% above the national median of $244,900. This positions Ashaway in a moderately priced market relative to the rest of the country. Median monthly rent is $1,318, 13% above the national average of $1,163/month. Of the 654 total housing units, 69% are owner-occupied (434 units) and 31% are renter-occupied (192 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ashaway shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ashaway have an average one-way commute time of 23.5 minutes.
Education & Demographics
24.2% of Ashaway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 5.5% Hispanic or Latino, 1.8% Black or African American, and 0.0% Asian residents, with 2.0% of the population being foreign-born.
How Ashaway Ranks in Rhode Island
Cost of Living in Ashaway, RI
Compared to national averages, Ashaway has a median household income of $101,165 (35% above the national median of $75,149). Home values average $305,600, which is 25% above the national median. Monthly rent at $1,318 is 13% above the US average of $1,163. Within Rhode Island, Ashaway's income is 9% above the state average of $92,962, and home values are 35% below the state median of $469,914.
Why Live in Ashaway, RI?
Ashaway offers a strong local economy with a median household income of $101,165, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.6%, better than the national average. Additionally, the city features short commute times averaging just 23.5 minutes.
Ashaway has a population of 1,682 with a median age of 38.6 years. Compare Ashaway with other cities to see how it stacks up, or explore all cities in Rhode Island.
Similar Cities Near Ashaway
Cities in Rhode Island with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Charlestown | 1,648 | $113,281 | $545,800 | Compare |
| Harrisville | 1,816 | $66,016 | $348,700 | Compare |
| Chepachet | 1,819 | $95,423 | $285,600 | Compare |
| Melville | 1,840 | $103,393 | $0 | Compare |
| Bradford | 1,437 | $108,295 | $387,100 | Compare |
| Carolina | 1,238 | $123,063 | $366,000 | Compare |
| Hope Valley | 2,147 | $98,481 | $424,100 | Compare |
| Harmony | 1,094 | $108,971 | $380,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Rhode Island
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Ashaway With Other Cities
Frequently Asked Questions about Ashaway
What is the population of Ashaway, RI?
The population of Ashaway, RI is 1,682 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Rhode Island.
What is the median household income in Ashaway?
The median household income in Ashaway, RI is $101,165 per year, which is 35% above the national median of $75,149.
What is the median home value in Ashaway?
The median home value in Ashaway, RI is $305,600, which is 25% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ashaway?
The median monthly rent in Ashaway, RI is $1,318, which is 13% above the national average of $1,163/month.
What is the unemployment rate in Ashaway?
The unemployment rate in Ashaway, RI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Ashaway, RI a good place to live?
Ashaway offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,682 and a median age of 38.6, the city appeals to a broad range of residents.
How educated is Ashaway, RI?
24.2% of residents in Ashaway aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Ashaway?
Key cost-of-living indicators for Ashaway, RI: median home value is $305,600 (25% above national), median rent is $1,318/month, and median household income is $101,165. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ashaway?
The poverty rate in Ashaway, RI is 0.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ashaway, RI?
Ashaway's population is 0.0% White, 5.5% Hispanic or Latino, 1.8% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.0% of residents are foreign-born.