Hopkinton, RI
Population 402 · Rhode Island
About Hopkinton, RI
Hopkinton is a small community located in Rhode Island with a population of 402 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 50.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hopkinton features a median home value of $247,700, which is 1% above the national median of $244,900. This positions Hopkinton in a moderately priced market relative to the rest of the country. Median monthly rent is $464, 60% below the national average of $1,163/month. Of the 223 total housing units, 54% are owner-occupied (121 units) and 46% are renter-occupied (102 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hopkinton 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 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hopkinton have an average one-way commute time of 29.7 minutes.
Education & Demographics
6.6% of Hopkinton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. 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 10.0% of the population being foreign-born.
How Hopkinton Ranks in Rhode Island
Cost of Living in Hopkinton, RI
Compared to national averages, Hopkinton has a median household income of $0 (100% below the national median of $75,149). Home values average $247,700, which is 1% above the national median. Monthly rent at $464 is 60% below the US average of $1,163. Within Rhode Island, Hopkinton's income is 100% below the state average of $92,962, and home values are 47% below the state median of $469,914.
Why Live in Hopkinton, RI?
Hopkinton offers rent that’s lower than the national average at $464/month, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 5.0%, better than the national average.
Potential considerations include median household income ($0) that falls below the national average. However, Hopkinton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopkinton has a population of 402 with a median age of 50.6 years. Compare Hopkinton with other cities to see how it stacks up, or explore all cities in Rhode Island.
Similar Cities Near Hopkinton
Cities in Rhode Island with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Misquamicut | 355 | $105,250 | $790,900 | Compare |
| Wyoming | 351 | $0 | $354,500 | Compare |
| Weekapaug | 471 | $121,111 | $842,900 | Compare |
| Foster Center | 328 | $56,027 | $450,000 | Compare |
| Quonochontaug | 577 | $106,058 | $880,000 | Compare |
| Watch Hill | 224 | $0 | $2,000,001 | Compare |
| Clayville | 184 | $128,264 | $235,600 | Compare |
| Greene | 1,009 | $102,000 | $358,200 | 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 Hopkinton With Other Cities
Frequently Asked Questions about Hopkinton
What is the population of Hopkinton, RI?
The population of Hopkinton, RI is 402 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Rhode Island.
What is the median household income in Hopkinton?
The median household income in Hopkinton, RI is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Hopkinton?
The median home value in Hopkinton, RI is $247,700, which is 1% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hopkinton?
The median monthly rent in Hopkinton, RI is $464, which is 60% below the national average of $1,163/month.
What is the unemployment rate in Hopkinton?
The unemployment rate in Hopkinton, 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 Hopkinton, RI a good place to live?
Hopkinton offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 402 and a median age of 50.6, the city appeals to established professionals and retirees.
How educated is Hopkinton, RI?
6.6% of residents in Hopkinton 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 Hopkinton?
Key cost-of-living indicators for Hopkinton, RI: median home value is $247,700 (1% above national), median rent is $464/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Hopkinton?
The poverty rate in Hopkinton, RI is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hopkinton, RI?
Hopkinton'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. 10.0% of residents are foreign-born.