Carolina, RI
Population 1,238 · Rhode Island
About Carolina, RI
Carolina is a small town located in Rhode Island with a population of 1,238 residents according to the latest US Census Bureau American Community Survey data. The median household income is $123,063 per year, which is 64% above the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carolina features a median home value of $366,000, which is 49% above the national median of $244,900. This positions Carolina in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 373 total housing units, 79% are owner-occupied (294 units) and 21% are renter-occupied (79 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carolina shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carolina have an average one-way commute time of 48.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
35.9% of Carolina 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.8% of the population being foreign-born.
How Carolina Ranks in Rhode Island
Cost of Living in Carolina, RI
Compared to national averages, Carolina has a median household income of $123,063 (64% above the national median of $75,149). Home values average $366,000, which is 49% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Rhode Island, Carolina's income is 32% above the state average of $92,962, and home values are 22% below the state median of $469,914.
Why Live in Carolina, RI?
Carolina offers a strong local economy with a median household income of $123,063, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 35.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.2%, better than the national average.
Carolina has a population of 1,238 with a median age of 41.1 years. Compare Carolina with other cities to see how it stacks up, or explore all cities in Rhode Island.
Similar Cities Near Carolina
Cities in Rhode Island with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Harmony | 1,094 | $108,971 | $380,700 | Compare |
| Bradford | 1,437 | $108,295 | $387,100 | Compare |
| Greene | 1,009 | $102,000 | $358,200 | Compare |
| Charlestown | 1,648 | $113,281 | $545,800 | Compare |
| Ashaway | 1,682 | $101,165 | $305,600 | Compare |
| Harrisville | 1,816 | $66,016 | $348,700 | Compare |
| Chepachet | 1,819 | $95,423 | $285,600 | Compare |
| Melville | 1,840 | $103,393 | $0 | 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 Carolina With Other Cities
Frequently Asked Questions about Carolina
What is the population of Carolina, RI?
The population of Carolina, RI is 1,238 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 Carolina?
The median household income in Carolina, RI is $123,063 per year, which is 64% above the national median of $75,149.
What is the median home value in Carolina?
The median home value in Carolina, RI is $366,000, which is 49% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carolina?
The median monthly rent in Carolina, RI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Carolina?
The unemployment rate in Carolina, RI is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carolina, RI a good place to live?
Carolina offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,238 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Carolina, RI?
35.9% of residents in Carolina aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Carolina?
Key cost-of-living indicators for Carolina, RI: median home value is $366,000 (49% above national), median rent is $0/month, and median household income is $123,063. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carolina?
The poverty rate in Carolina, RI is 4.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carolina, RI?
Carolina's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.8% of residents are foreign-born.